Ceepower Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 22, 2022 at 03:26 pm IST
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Ceepower Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 1,017.84 million compared to CNY 942.93 million a year ago. Revenue was CNY 1,029.57 million compared to CNY 949.97 million a year ago. Net income was CNY 22.63 million compared to CNY 13.68 million a year ago. Basic earnings per share from continuing operations was CNY 0.0438 compared to CNY 0.025 a year ago. Diluted earnings per share from continuing operations was CNY 0.0438 compared to CNY 0.025 a year ago.
CEEPOWER CO., LTD., formerly FUJIAN CEE INSTALLATIONS CO., LTD, is a China-based company mainly engaged in the research, development, design, manufacture and sales of electric power transmission and distribution equipment. The Companyâs main products include box-type substations and high and low voltage equipment sets, cubicle type gas insulated switchgear (C-GIS) ring network cabinets and accessories, cable accessories and kits, sheet molding compound (SMC) cabinets and accessories, as well as other products. The Company is also engaged in new energy investment and operation businesses, including photovoltaic power generation projects and investment operation of electric vehicle charging facilities. Its products are mainly applied in power systems, railway systems, industrial and mining areas.