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:
Hilong Holding Limited
sales of 2.48 billion Chinese Renmimbi [US$361.57 million]
of which 37%
was Oilfield Services),
Yantai Jereh Oilfield Services Group Co Limited
(2.82 billion Chinese Renmimbi [US$410.67 million]
of which 81%
was Oil Field Special Equipment Manufacturin), and
Sinopec Oilfield Equipment Corp
(5.10 billion Chinese Renmimbi [US$741.54 million]
of which 55%
was Aiguille & Petro Machinery Parts).
Honghua Group Limited reported sales of 4.22 billion Chinese Renmimbi (US$614.07 million)
December of 2015.
decrease of 46.0%
versus 2014, when the company's sales were 7.81 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 49.5% decline
in Land Drilling Rigs, from 4.77 billion Chinese Renmimbi to 2.41 billion Chinese Renmimbi.
There were also decreases in sales in
Parts and Components (down 48.6% to 1.27 billion Chinese Renmimbi)
Oil and Gas Engineering Services (down 23.6% to 338.51 million Chinese Renmimbi)
However, these declines were partially offset by the increase in sales of
Offshore Drilling Rigs (up 57.3% to 203.83 million Chinese Renmimbi)