Detail akcie China High Speed online

Business Summary: CHINA HIGH SPEED TRANSMISSION EQUIPMENT GROUP CO., LTD. is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of gear products. Its products include wind gear transmission equipment, industrial gear transmission equipment, marine gear transmission equipment, computer numerical controlled products and diesel engine products, among others. The Company operates through three geographical segments, including the People’s Republic of China (PRC) segment, the United States of America (USA) segment and Europe segment.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, China High Speed Trnsmsn Eqpt Grp Co Ltd revenues increased 14% to RMB24.08B. Net income decreased 6% to RMB95.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Research and development costs increase of 21% to RMB904.5M (expense), Interest expense on bank borrowings increase of 30% to RMB509.5M (expense).