China Oriental’s Subsidiary Reports Strong Profit Growth

China Oriental Group Co (HK:0581) has released an update.

China Oriental Group Company’s subsidiary, Qingdao Huijintong Power Equipment Co., Ltd., reported a significant increase in net profit for the first nine months of 2024, reaching approximately RMB 109.19 million, compared to RMB 37.52 million in the same period last year. The company’s operating income also rose to RMB 3.24 billion, reflecting strong growth in its business operations. Investors might find the upward trend in financial performance noteworthy as China Oriental holds a 40.5% stake in Qingdao Huijintong.

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