GuangDong ShaoNeng Group Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 06:00 am EDT
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GuangDong ShaoNeng Group Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CNY 1,210.24 million compared to CNY 1,050.15 million a year ago. Revenue was CNY 1,210.24 million compared to CNY 1,050.15 million a year ago. Net income was CNY 23.42 million compared to net loss of CNY 8.52 million a year ago. Basic earnings per share from continuing operations was CNY 0.0217 compared to basic loss per share from continuing operations of CNY 0.0079 a year ago. Diluted earnings per share from continuing operations was CNY 0.0217 compared to diluted loss per share from continuing operations of CNY 0.0079 a year ago.
For the nine months, sales was CNY 3,395.77 million compared to CNY 3,011.73 million a year ago. Revenue was CNY 3,395.77 million compared to CNY 3,011.73 million a year ago. Net income was CNY 65.32 million compared to CNY 126.56 million a year ago. Basic earnings per share from continuing operations was CNY 0.0604 compared to CNY 0.1171 a year ago. Diluted earnings per share from continuing operations was CNY 0.0604 compared to CNY 0.1171 a year ago.
Guangdong Shaoneng Group Co.,Ltd is a China-based company principally engaged in the investment, development and operation of energy. The Company is mainly involved in hydraulic and thermal electric power generation, the manufacture and distribution of automobile components, trading of cement and steel and the production and sale of paper products. The Company operates its business primarily in domestic market, with Guangdong Province, China as its main market.