Ningbo Energy Group Co.,Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 18, 2022 at 05:17 pm IST
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Ningbo Energy Group Co.,Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 6,771.45 million compared to CNY 5,277.35 million a year ago. Revenue was CNY 6,913.74 million compared to CNY 5,416.54 million a year ago. Net income was CNY 473.6 million compared to CNY 260.09 million a year ago. Basic earnings per share from continuing operations was CNY 0.4358 compared to CNY 0.2432 a year ago. Diluted earnings per share from continuing operations was CNY 0.4295 compared to CNY 0.2422 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.