Hongda High-Tech Holding Company Limited operates in the Broadwoven fabric mills, cotton sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Hongda High-Tech Holding Company Limited with three other
fabric manufacturers in Asia:
Chia Her Industrial Co., Ltd.
of Taiwan
(2018
sales of 2.46 billion Taiwanese Dollars [US$79.92 million]
of which 44%
was Pre-dyeing),
Hingtex Holdings Ltd
of Hong Kong
(640.72 million Hong Kong Dollars [US$81.66 million]
of which 85%
was Stretchable blended denim fabrics), and
K G Denim Limited
which is
based in India
(7.14 billion Indian Rupees [US$100.44 million]
).
Sales Analysis.
Hongda High-Tech Holding Company Limited reported sales of 638.46 million Chinese Renmimbi (US$89.52 million)
for the
year ending
December of 2018.
This
represents
a very small
increase of 0.6%
versus 2017, when the company's sales were 634.76 million Chinese Renmimbi.
This was the third consecutive year of growth at Hongda High-Tech Holding Company Limited.
The sales level in 2018 was fairly close to the level five years ago: in 2013, Hongda High-Tech Holding Company Limited had sales
of 585.41 million Chinese Renmimbi.
Sales of Medical Apparatus and Instruments saw an increase
that was more than double the company's growth rate: sales were up
83.0% in 2018, from
62.35 million Chinese Renmimbi to 114.12 million Chinese Renmimbi.
Hongda High-Tech Holding Company Limited also saw significant increases in sales in
Dyeing and Home Textiles (up 39.0% to 35.60 million Chinese Renmimbi)
.
Not all segments of Hongda High-Tech Holding Company Limited experienced an increase in sales in 2018:
sales of Trading fell 15.0% to 136.41 million Chinese Renmimbi.
Hongda High-Tech Holding Company Limited also experienced decreases in sales in
Shipment Fabric (down 11.7% to 244.03 million Chinese Renmimbi)
and
Dress Fabric (down 1.1% to 96.22 million Chinese Renmimbi)
.