Ceepower Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2021
August 29, 2021 at 02:27 pm IST
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Ceepower Co., Ltd. announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 441.747 million compared to CNY 356.177 million a year ago. Operating income was CNY 17.440 million compared to operating loss of CNY 11.975 million a year ago. Net income was CNY 11.849 million compared to net loss of CNY 19.275 million a year ago. Basic earnings per share from continuing operations was CNY 0.04 compared to basic loss per share from continuing operations of CNY 0.06 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.