Acrel Co.,Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 21, 2021 at 03:45 am EDT
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Acrel Co.,Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 738.77 million compared to CNY 523.24 million a year ago. Revenue was CNY 738.77 million compared to CNY 523.24 million a year ago. Net income was CNY 135.86 million compared to CNY 112.31 million a year ago. Basic earnings per share from continuing operations was CNY 0.67 compared to CNY 0.55 a year ago. Diluted earnings per share from continuing operations was CNY 0.67 compared to CNY 0.55 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.