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 4.92 billion Chinese Renmimbi [US$700.40 million]
of which 43%
was Petroleum Machine),
Hilong Holding Limited
(3.22 billion Chinese Renmimbi [US$458.84 million]
of which 44%
was Oilfield equipment manufacturing and ser), and
Yantai Jereh Oilfield Services Group Co Limited
(4.60 billion Chinese Renmimbi [US$654.53 million]
of which 88%
was Oil Field Special Equipment Manufacturin).
Honghua Group Limited reported sales of 4.21 billion Chinese Renmimbi (US$598.77 million)
December of 2018.
increase of 93.3%
versus 2017, when the company's sales were 2.18 billion Chinese Renmimbi.
Sales of Land Drilling Rigs saw an increase
that was more than double the company's growth rate: sales were up
455.8% in 2018, from
418.55 million Chinese Renmimbi to 2.33 billion Chinese Renmimbi.
Not all segments of Honghua Group Limited experienced an increase in sales in 2018:
sales of Offshore Drilling Rigs fell 96.9% to 5.00 million Chinese Renmimbi.
Honghua Group Limited also experienced decreases in sales in
Parts and Components and Others (down 1.3% to 1.56 billion Chinese Renmimbi)