Hangcha Group Co., LTD. (stock code: 603298) released its semi-annual report on August 17, 2023.
Thanks to the tremendous support from our partners and, the hard work of all Hangcha employees, Hangcha records a very successful first half-year with a solid growth in revenue and booming profits.
Outlook
Total revenue: 8.22 billion yuan (estimated $1.19 billion), 9.27 percent higher than that in the same period of the previous year.
Net profit: soar to 782 million yuan (estimated $112.86 million), 71.53 percent up year-on-year.
Overseas revenue plays a more important role, accounting for 33% of the total revenue, which shows that the development of the global market has achieved remarkable results.
The revenue of Hangcha AGVs witnessed a 180 percent growth, while Aerial Platforms was 60 percent.
R&D investment of 345 million yuan (estimated $ 49.79 million), 13.31 percent up.
