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Hengxin Technology reports 35.8% rise in 1H earnings to $14 mil

Michelle Zhu
Michelle Zhu • 2 min read
Hengxin Technology reports 35.8% rise in 1H earnings to $14 mil
SINGAPORE (Aug 17): Hengxin Technology, the manufacturer of radio frequency (RF) coaxial cables for mobile communications in China, has announced interim earnings of RMB68.6 million ($14 million) for the 1H17 ended June, up 35.8% from RMB50.5 million in 1
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SINGAPORE (Aug 17): Hengxin Technology, the manufacturer of radio frequency (RF) coaxial cables for mobile communications in China, has announced interim earnings of RMB68.6 million ($14 million) for the 1H17 ended June, up 35.8% from RMB50.5 million in 1H16 on higher revenue.

Group revenue increased by 17.1% to RMB852.8 million for the half year from RMB728 million a year ago on higher revenue generated from its telecommunications equipment and accessories segment, which grew 21.9% to RMB227.9 million from RMB187 a year ago.

The spike in revenue from this segment offset the 16% lower revenue generated from the RF coaxial cable segment, which fell to RMB416.6 million in 1H17 from RMB496.2 million in 1H16.

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