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:
Sinopec Oilfield Equipment Corp
sales of 3.44 billion Chinese Renmimbi [US$504.26 million]
of which 57%
was Aiguille & Petro Machinery Parts),
Hilong Holding Limited
(1.93 billion Chinese Renmimbi [US$282.43 million]
of which 40%
was Oilfield equipment manufacturing and ser), and
Yantai Jereh Oilfield Services Group Co Limited
(2.83 billion Chinese Renmimbi [US$414.86 million]
of which 83%
was Oil Field Special Equipment Manufacturin).
Honghua Group Limited reported sales of 2.34 billion Chinese Renmimbi (US$343.13 million)
December of 2016.
decrease of 44.5%
versus 2015, when the company's sales were 4.22 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 68.4% decline
in Land Drilling Rigs, from 2.41 billion Chinese Renmimbi to 760.04 million Chinese Renmimbi.
There were also decreases in sales in
Parts and Components (down 8.7% to 1.16 billion Chinese Renmimbi)
Oil and Gas Engineering Services (down 54.8% to 152.93 million Chinese Renmimbi)
However, these declines were partially offset by the increase in sales of
Offshore Drilling Rigs (up 33.6% to 272.36 million Chinese Renmimbi)