East Group Co.,Ltd Reports Earnings Results for the Half Year Ended June 30, 2021
August 25, 2021 at 07:48 am EDT
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East Group Co.,Ltd announced earnings results for the half year ended June 30, 2021. For the half year, the company announced sales was CNY 1,681.697 million compared to CNY 1,546.242 million a year ago. Operating income was CNY 264.818 million compared to CNY 233.407 million a year ago. Net income was CNY 214.176 million compared to CNY 185.629 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.08 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.