Tongyu Heavy Industry Co Ltd operates in the Iron and steel forgings sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Tongyu Heavy Industry Co Ltd with three other
steel companies in Asia:
Taewoong Company Limited
of KOREA (SOUTH)
sales of 374.03 billion Korean Won [US$303.71 million]
of which 40%
was Wind power equipment),
Ramkrishna Forgings Limited
(19.31 billion Indian Rupees [US$255.87 million]
of which 94%
was Forging components), and
Yongxing Special Materials Technology Co Ltd
(4.91 billion Chinese Renmimbi [US$688.06 million]
of which 56%
Tongyu Heavy Industry Co Ltd reported sales of 4.02 billion Chinese Renmimbi (US$563.99 million)
December of 2019.
increase of 13.8%
versus 2018, when the company's sales were 3.54 billion Chinese Renmimbi.
Sales at Tongyu Heavy Industry Co Ltd have increased during each of the previous five years
(and since 2014, sales have increased a total of 96%).
Sales of Mechanical Manufacturing saw an increase
that was more than double the company's growth rate: sales were up
35.2% in 2019, from
2.55 billion Chinese Renmimbi to 3.45 billion Chinese Renmimbi.
Not all segments of Tongyu Heavy Industry Co Ltd experienced an increase in sales in 2019:
sales of Other Operation fell 41.0% to 581.69 million Chinese Renmimbi.