Beijing Jingneng Power Co., Ltd. Provides Earnings Guidance for the Year 2018
January 23, 2019
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Beijing Jingneng Power Co., Ltd. provided earnings guidance for the year 2018. The company predicts an increase of about RMB 352 million in its net profit owned by shareholders of the listed company in 2018 compared with RMB 531.43 million in the same period of the year before, with a year-on-year increase of about 65%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by about RMB 357 million compared with RMB 458.59 million in the same period of the year before, with a year-on-year increase of about 77%.
Beijing Jingneng Power Co Ltd is a China-based company mainly engaged in the production and sales of electric and thermal products, operation of electric power equipment, testing and repair of power generation equipment, and sales of desulfurization gypsum. The power business is mainly engaged in coal-fired power generation and heat supply, with new energy power generation businesses such as wind power and photovoltaic being added, and it also involves investment in comprehensive energy services, coal mines and other projects. The electricity sales business is mainly engaged in power supply in Inner Mongolia, Shanxi, Ningxia, Hebei, Henan, Hubei and other regions. The Company mainly operates its businesses in the domestic market.