Ningbo Energy Group Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 02:34 pm IST
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Ningbo Energy Group Co.,Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 3,361.13 million compared to CNY 3,487.92 million a year ago. Revenue was CNY 3,361.13 million compared to CNY 3,487.92 million a year ago. Net income was CNY 154.7 million compared to CNY 149.34 million a year ago. Basic earnings per share from continuing operations was CNY 0.1424 compared to CNY 0.1349 a year ago. Diluted earnings per share from continuing operations was CNY 0.1404.
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.