China Western Power Industrial Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 27, 2021 at 05:45 am
Share
China Western Power Industrial Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 840.12 million compared to CNY 2,085.91 million a year ago. Revenue was CNY 840.12 million compared to CNY 2,085.91 million a year ago. Net loss was CNY 241.69 million compared to net income of CNY 20.37 million a year ago. Basic loss per share from continuing operations was CNY 0.2047 compared to basic earnings per share from continuing operations of CNY 0.0173 a year ago. Diluted loss per share from continuing operations was CNY 0.2047 compared to diluted earnings per share from continuing operations of CNY 0.0173 a year ago.
China Western Power Industrial Co., Ltd. is a China-based company, principally engaged in the manufacture and distribution of boilers and related products. The Company operates its businesses through three segments. The Equipment Manufacturing segment is engaged in the design, manufacture and distribution of power station boilers, alkali recovery boilers, waste incineration power boilers, as well as other industrial boilers, special boilers and others. The Engineering General Contracting segment is engaged in the general contracting of electric power engineering construction projects and municipal public engineering construction projects. The Investment and Operation segment is engaged in the long-term equity investment, as well as the investment and operation of power plants. The Company is also engaged in the provision of boiler ancillary products and others. The Company distributes its products within domestic market and to overseas markets.