Major ASU manufacturers report increased sales and profits


Major China gas separation plant manufacturers have reported increased revenues and profits.

Hangzhou Hangyang

Hangzhou Hangyang reports that during the first half of 2018 it has earned RMB 3,676.4m and it is 26.1% more than what they did in the same period in 2017. Operating profit for the first half of 2018 is RMB 453.8m, an increase of 282.7% than that in the same period last year. Net profit attributable to the shareholders of the listed company has increased satisfactorily by 243.8% to RMB 338.07m.

Of the operating income, manufacturing of air separation equipment (ASU) contributes RMB 1384.2m (an increase of 45.8%) and engineering contracting contributes RMB 83.5m (an increase of 93.6%).

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...