Hangzhou Hangyang
Total revenue in 2018 is RMB 7.9bn ($1.2bn), a 22.5% increase from nearly RMB 6.5bn ($978m) in 2017. Gross profit has jumped 81.7% year-on-year (YoY) to RMB 961.4m ($145.8m) from RMB 529m ($80.2m) in 2017. Net profit in 2018 has also recorded a satisfactory 108% YoY increase, from RMB 382m ($57.9m) in 2017 to RMB 794.7m ($120.5m).
Looking at different business sectors, their equipment manufacturing business sector has gained 41.8% more YoY to RMB 2978.2m ($451.5m) (of which, manufacturing of air separation plants earned RMB 2.8bn ($430.5m) whilst the industrial gas business sector has gained a moderate 14.1% more YoY to RMB 4.5bn ($676.8m). The engineering management business sector has the largest increase of 392.4% to RMB 224.5m ($34m); however, the corresponding gross profit has dropped 33.4% because the operating cost for this sector has risen seven times. The manufacturing sector, industrial gas business, and the engineering management each accounts respectively for 37.7%, 56.5%, and 2.8% of the total revenue.
Its overseas business has soared 1,500% to nearly RMB 551m ($83.5m), accounting for merely 7% of its total revenue. The impressive increase is due to a very low overseas income of RMB 33.5m ($5m) in 2017.
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