Ningbo Energy Group Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 06:31 pm IST
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Ningbo Energy Group Co.,Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 1,957.62 million compared to CNY 1,296.47 million a year ago. Revenue was CNY 1,957.62 million compared to CNY 1,296.47 million a year ago. Net income was CNY 44.19 million compared to CNY 55.25 million a year ago. Basic earnings per share from continuing operations was CNY 0.0407 compared to CNY 0.0508 a year ago. Diluted earnings per share from continuing operations was CNY 0.04 compared to CNY 0.0502 a year ago.
Ningbo Energy Group Co Ltd is a China-based company mainly engaged in the production and supply of steam and electricity. The Company's business includes cogeneration, biomass power generation and heating, pumped storage, integrated energy services, and investment businesses related to the energy and environmental protection industries. The Company's enterprises engaged in cogeneration and biomass power generation are distributed in many national and provincial economic development zones in China, mainly using coal, natural gas and biomass as raw materials, and the main products are electricity and steam; The Company's enterprises engaged in pumped storage, energy storage, and integrated energy services mainly operate in project development, construction, operation, and providing customers with integrated energy services.