Hiconics Eco-Energy Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 23, 2020 at 06:54 am EDT
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Hiconics Eco-energy Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 887.113 million compared to CNY 758.677 million a year ago. Operating loss was CNY 370.661 million compared to operating Income of CNY 3.270 million a year ago. Net loss was CNY 280.910 million compared to net income of CNY 21.892 million a year ago. Basic loss per share from continuing operations was CNY 0.2526 compared to basic earnings per share from continuing operations of CNY 0.019 a year ago.
Hiconics Eco-energy Technology Co., Ltd., formerly Hiconics Drive Technology Co., Ltd., is a China-based company principally engaged in the research and development(R&D), manufacture and sale of high, medium and low voltage frequency inverters. The Company mainly operates through three segments. Energy Saving Equipment Manufacture segment is involved in the manufacture, R&D and sale of high, middle and low voltage frequency inverters and servo products. Energy Saving and Environmental Protection Project Construction and Operation segment includes landfill gas utilization and waste treatment, industrial waste heat utilization, refractory sewage treatment, industrial energy efficiency and low-emission of coal-fired power plants through its subsidiaries. New Energy Vehicle Assembly and Operation segment is involved in the R&D and manufacture of key components, power assembly systems, charging piles and in-vehicle chargers for new energy vehicles, as well as new energy car rental business.
HICONICS ECO-ENERGY TECHNOLOGY CO., LTD. 
