Hengli Hydraulic H1 Revenue Up 32.13%, Net Profit Flat
Hengli Hydraulic reported first-half revenue of RMB 6.833 billion, up 32.13% year on year, while net profit attributable to shareholders rose just 0.5% to RMB 1.436 billion. Basic earnings per share were RMB 1.07, unchanged from a year earlier. In the second quarter, revenue grew 31.78% to RMB 3.623 billion, but net profit fell 3.37% to RMB 784 million.
Hengli Hydraulic released its interim results, showing total operating revenue of RMB 6.833 billion for the first half, a year-on-year increase of 32.13%. Net profit attributable to shareholders of the parent company reached RMB 1.436 billion, up 0.5% from the same period last year. Basic earnings per share stood at RMB 1.07, unchanged year on year.
In the second quarter alone, operating revenue totaled RMB 3.623 billion, up 31.78% year on year, while net profit attributable to shareholders was RMB 784 million, a decrease of 3.37% compared with the same quarter last year.