Acrel Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 03:49 am EDT
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Acrel Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 200.353 million compared to CNY 113.026 million a year ago. Operating income was CNY 35.218 million compared to CNY 20.120 million a year ago. Net income was CNY 30.801 million compared to CNY 18.966 million a year ago. Basic earnings per share from continuing operations was CNY 0.15 compared to CNY 0.09 a year ago.
Acrel Co Ltd is a China-based company primarily engaged in the production and sale of enterprise microgrid products and systems. The Company conducts its businesses primarily through three segments. The Enterprise Microgrid Systems and Products segment is engaged in the research and development, production, sales and service of equipment and systems required for energy efficiency management of medium and low voltage enterprise microgrids. The Contract Energy Management segment provides enterprise microgrid energy visualization management and energy data services. The Power Services Business segment is engaged in power services business. The Company mainly conducts its businesses in domestic and overseas markets.