East Group Co.,Ltd Reports Earnings Results for the First Quarter Ended March 31, 2021
April 21, 2021 at 08:39 am EDT
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East Group Co.,Ltd announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 860.169 million compared to CNY 767.850 million a year ago. Operating income was CNY 94.310 million compared to CNY 73.227 million a year ago. Net income was CNY 78.287 million compared to CNY 61.003 million a year ago. Basic earnings per share from continuing operations was CNY 0.03 compared to CNY 0.03 a year ago.
East Group Co Ltd is a China-based company principally engaged in the provision of integration solutions for photovoltaic products. The Company is involved in the research and development, manufacture and sales of power supplies, data centers, photovoltaic inverters, system integration solutions, as well as new energy vehicles and its charging facilities, among others. Photovoltaic inverters include grid-connected inverters and string inverters. New energy vehicles and charging facilities include purchased new energy vehicles, one-stop outdoor charging tanks, alternating current charging piles and direct current charging piles, among others. The Company operates businesses in domestic and overseas markets.
EAST GROUP CO.,LTD 
