Honghua Group Limited operates in the Oil and gas field machinery sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Honghua Group Limited with three other
companies in this sector in China:
Yantai Jereh Oilfield Services Group Co Limited
sales of 3.19 billion Chinese Renmimbi [US$461.90 million]
of which 85%
was Oil Field Special Equipment Manufacturin),
Suzhou Douson Drilling&Production Equipment Co Ltd
(830.49 million Chinese Renmimbi [US$120.36 million]
of which 71%
was Wellhead Device and Tree), and
Hilong Holding Limited
(2.67 billion Chinese Renmimbi [US$386.87 million]
of which 49%
was Oilfield equipment manufacturing and ser).
Honghua Group Limited reported sales of 2.18 billion Chinese Renmimbi (US$315.35 million)
December of 2017.
decrease of 7.2%
versus 2016, when the company's sales were 2.34 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 44.9% decline
in Land Drilling Rigs, from 760.04 million Chinese Renmimbi to 418.55 million Chinese Renmimbi.
There were also decreases in sales in
Offshore Drilling Rigs (down 41.3% to 159.96 million Chinese Renmimbi)
However, these declines were partially offset by the increase in sales of
Parts and Components and Others (up 36.3% to 1.58 billion Chinese Renmimbi)
Oil and Gas Engineering Services (up 9.8% to 167.97 million Chinese Renmimbi)