Qingdao Tgood Electrical Co Ltd operates in the Transformers, except electronic sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Qingdao Tgood Electrical Co Ltd with three other
companies in this sector in China:
Sieyuan Electric Co., Limited
(2018
sales of 4.81 billion Chinese Renmimbi [US$681.77 million]
of which 99%
was Power Transmission and Distribution equi),
XJ Electric Company Limited
(8.22 billion Chinese Renmimbi [US$1.17 billion]
of which 39%
was Intelligent power distribution system), and
Shanghai Zhixin Electric Co Ltd
(4.93 billion Chinese Renmimbi [US$699.13 million]
of which 100%
was Electrical Product Manufacturing).
Sales Analysis.
Qingdao Tgood Electrical Co Ltd reported sales of 5.90 billion Chinese Renmimbi (US$837.37 million)
for the
year ending
December of 2018.
This
represents
an
increase of 15.6%
versus 2017, when the company's sales were 5.10 billion Chinese Renmimbi.
Despite this increase, sales are still
below the level achieved in 2016, when Qingdao Tgood Electrical Co Ltd
reported sales of 6.11 billion Chinese Renmimbi.
Sales of New Energy Vehicles saw an increase
that was more than double the company's growth rate: sales were up
44.9% in 2018, from
1.01 billion Chinese Renmimbi to 1.47 billion Chinese Renmimbi.
Qingdao Tgood Electrical Co Ltd also saw significant increases in sales in
Electric Power System (up 29.0% to 3.49 billion Chinese Renmimbi)
.
Not all segments of Qingdao Tgood Electrical Co Ltd experienced an increase in sales in 2018:
sales of Coal Mining System fell 79.6% to 6.20 million Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).
Qingdao Tgood Electrical Co Ltd also experienced decreases in sales in
Epc Photovoltaic Power Station (down 53.9% to 393.91 million Chinese Renmimbi)
.