Hengli Hydraulic's Q1 Profit Rises 6%, Revenue Jumps 33%; Shares Jump 6%
Jiangsu Hengli Hydraulic's (SHA:601100) net profit attributable to shareholders in the first quarter rose 5.6% to 652.2 million yuan from 617.7 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Shares of the company rose nearly 6% in morning trade Tuesday.Earnings per share climbed 6.5% year on year to 0.49 yuan from 0.46 yuan.Operating revenue jumped 33% to 3.21 billion yuan from 2.42 billion yuan in the previous year.