Beijing Jingneng Power Co., Ltd. Reports Guidance Results for the Year 2020
July 09, 2020
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Beijing Jingneng Power Co., Ltd. announced guidance results for the year 2020. For the year, the Company predicts an increase of between 20% and 40% in the net profit belonging to shareholders of the listed company in the 1st half of 2020 compared with RMB680.41 million in the same period of the year before. The Company predicts that the total profit will see an increase of between 30% and 50% compared with RMB788.11 million in the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between 20% and 40% compared with RMB664.25 million in the same period of the year before.
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.