Hangzhou Zhongheng Electric Co., Ltd Reports Earnings Results for the Full Year Ended December 31, 2021
April 25, 2022 at 06:48 am EDT
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Hangzhou Zhongheng Electric Co., Ltd reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 1,800.42 million compared to CNY 1,421.63 million a year ago. Net income was CNY 89.3 million compared to CNY 85.04 million a year ago. Basic earnings per share from continuing operations was CNY 0.16 compared to CNY 0.16 a year ago. Diluted earnings per share from continuing operations was CNY 0.16 compared to CNY 0.16 a year ago.
Hangzhou Zhonhen Electric Co Ltd is a China-based company primarily engaged in the provision of digital and energy products and solutions. The Company focuses on building a zero-carbon smart society. The Company's main products include communication power systems, data center power supplies and power operation power systems. The Company's products are mainly used in green information and communications technology (ICT) infrastructure, new power systems and integrated energy services. The Company is also engaged in the development, sales and services of software, power management services and engineering business, as well as energy storage project business. The Company mainly conducts its businesses in domestic and overseas markets.