Hunan Oil Pump Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2023
August 29, 2023 at 08:55 am EDT
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Hunan Oil Pump Co., Ltd. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was CNY 861.52 million compared to CNY 732.81 million a year ago. Revenue was CNY 873.93 million compared to CNY 744.71 million a year ago.
Net income was CNY 85.46 million compared to CNY 47.81 million a year ago. Basic earnings per share from continuing operations was CNY 0.41 compared to CNY 0.23 a year ago. Diluted earnings per share from continuing operations was CNY 0.41 compared to CNY 0.23 a year ago.
Hunan Meihu Intelligent Manufacturing Co Ltd, formerly Hunan Oil Pump Co Ltd, is a China-based company principally engaged in the research and development, manufacturing and sales of engine pump products. The Company operates six segments, Diesel Engine Oil Pump segment, Gasoline Engine Oil Pump segment, Electric Motor segment, Transmission Pump segment, New Energy Vehicle Parts segment and Other segment. The Company's products mainly include engine pump products, transmission oil pumps, electronic pump products, motor products and intelligent driving execution layer control systems. The Company's products are used in fuel vehicles, new energy vehicles, generator sets, ship power and engineering machinery and other fields. The Company provides vacuum pumps, automated manufacturing equipment and related information and technical services, and is engaged in the research, development and production of gears, reducers and aluminum die castings.