Chongqing Machinery & Electric Company Limited operates within the Engine electrical equipment sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Chongqing Machinery & Electric Company Limited with three other
electrical equipment manufacturers in Asia:
sales of 60.34 billion Japanese Yen [US$560.60 million]
of which 34%
was Auto Parts-Asia),
Korea Electric Terminal Company Ltd
of KOREA (SOUTH)
(772.13 billion Korean Won [US$631.61 million]
of which 99%
was Cars & Electricity), and
Minda Industries Limited
based in INDIA
(59.08 billion Indian Rupees [US$782.23 million]
of which 100%
was Auto Components).
During the year ended December of 2019, sales at
Chongqing Machinery & Electric Company Limited were 5.46 billion Chinese Renmimbi (US$765.82 million).
increase of 3.3%
versus 2018, when the company's sales were 5.28 billion Chinese Renmimbi.
Despite this increase, sales are still
below the level achieved in 2017, when Chongqing Machinery & Electric Company Limited
reported sales of 9.29 billion Chinese Renmimbi.
Sales of General Machinery saw an increase
that was more than double the company's growth rate: sales were up
43.3% in 2019, from
910.04 million Chinese Renmimbi to 1.30 billion Chinese Renmimbi.
Chongqing Machinery & Electric Company Limited also saw significant increases in sales in
All Other Segments (up 6.0% to 1.48 billion Chinese Renmimbi)
Electrical Wires and Cables (up 6.5% to 1.46 billion Chinese Renmimbi)
Hydroelectric Generation Equipment (up 4.6% to 579.77 million Chinese Renmimbi)
Financial Services (up 12.4% to 77.48 million Chinese Renmimbi)
Not all segments of Chongqing Machinery & Electric Company Limited experienced an increase in sales in 2019:
sales of Material Sales fell 40.0% to 63.32 million Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).
Chongqing Machinery & Electric Company Limited also experienced decreases in sales in
Machinery Tools (down 37.0% to 556.41 million Chinese Renmimbi)