On April 19, 2023, Hangcha Group Co., LTD. (stock code: 603298) released its 2022 annual report. Under challenging global political and macroeconomic conditions, Hangcha showed great resilient capability and made impressive achievements upon the significant efforts of all Hangcha employees and the great support from all our partners. Here are some highlights of the annual report. Main Data
1. Total revenue 14.41 billion yuan ( estimated $2.14 billion ), we are nearly able to match the previous year's good level of incoming orders even in such a difficult year;
2. The export revenue shows a substantial increase with 5.03 billion yuan (about $749 million), up 70.06%;
3. Net profit 988 million yuan (about $146.8 million), up 8.73%; Net profit after deducting non-recurring gains and losses 964 million yuan (about $143.3 million), up 12.07%
4. More than 230 thousand forklifts were delivered, which accounts for 22% domestic market share and 11% global market share upon the orders of industrial trucks in 2022.
