NHL reports record operating income

Inner Mongolia North Hauler Joint Stock Co, a Baotou-based mine truck manufacturer, marked new progress with its operating income hitting 268 million yuan ($42 million) during the first quarter of 2018, according to a May 21 Baotou Daily report.

The figure represented year-on-year increase of 212 percent.

Also, the net profit attributable to shareholders of the listed company was 5.99 million yuan, year-on-year growth of 48 percent.

In terms of international orders, the company currently is contracted to export products worth more than 800 million yuan.

It is expected that the proportion of sales revenue from electric vehicles will account for more than 60 percent of the company’s exports in 2018. Operating income is expected to increase by more than 30 percent.

Founded in 1988, Inner Mongolia North Hauler Joint Stock Co (NHL) is now a leading company in the R&D, production and sale of mine trucks. It was listed on the Shanghai Stock Exchange in June 2000. The company is nearing its goal of becoming a leading global mine truck manufacturer with 28 years of experience and stable revenue growth.

Inner Mongolia North Hauler Joint Stock Co is a mine truck manufacturer based in Baotou Rare Earth High-Tech Industrial Development Zone. [Photo/Baotou Daily]