HG Reports Growth in Q1 2022

HG Reports Growth in Q1 2022

According to cinfo.com, HG operating revenue turned out to be RMB281.34 million (US$42.75 million) in the first quarter of 2022 (Q1, 2022), up 15.73% year-over-year.

Some other highlights include:

• Net profit attributable to shareholders of the listed company was RMB27.50 million (US$4.18 million), up 46.77% year-over-year,
• Net profit attributable to shareholders of the listed company after deduction of non-recurring gains and losses was RMB27.12 million (US$4.12 million), up 70.70% year-over-year,
• Total assets turned out to be RMB1.35 billion (US$205.16 million), up 2.20% year-over-year.

Despite the influence of the pandemic, HG claimed its businesses maintained continuous growth during the fiscal year 2020, among them, OPC drums and information security copier business grew most rapidly, with sales increasing 24.3% and 238.9% respectively. Copier sales revenue generated through e-commerce increased 85% year-over-year.

About HG

Handan Hanguang OA Toner Co., Ltd specializes in the R&D, production, sales and after-service of copier and laser printer consumables. Over the past decades, our company has developed and produced toner for use in laser printers and photocopiers including HP, Samsung, Ricoh, Toshiba, Sharp, Minolta, Konica, Xerox and Kyocera. We have successfully imported and implemented 12 automated production lines from Hosokawa Alpine Company. Our yearly output has now reached 20,000 tons.

Related:

• HG Reports Strong Growth for FY2020
• More China Companies Announce Results for Q3

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