Jiangxi Hongcheng Environment Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 27, 2021 at 11:11 pm EDT
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Jiangxi Hongcheng Environment Co.,Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 2,073.597 million compared to CNY 1,334.917 million a year ago. Operating income was CNY 310.115 million compared to CNY 215.507 million a year ago. Net income was CNY 216.829 million compared to CNY 158.584 million a year ago. Basic earnings per share from continuing operations was CNY 0.23 compared to CNY 0.17 a year ago. Diluted earnings per share from continuing operations was CNY 0.18 compared to CNY 0.17 a year ago.
Jiangxi Hongcheng Environment Co Ltd is a China-based company principally engaged in water supply business and sewage treatment business. The Company operates six segments. Tap Water Production and Sales segment is mainly engaged in the production and supply of water. Sewage Treatment Services segment includes urban domestic sewage treatment and industrial wastewater treatment business. Gas New Energy segment includes gas sales, gas engineering installation and photovoltaic power generation business. Solid Waste Treatment Services segment includes industrial solid waste disposal and power generation and heating, urban food waste treatment, and the disposal of urban garbage leachate and concentrate business. Water Supply and Drainage Pipeline and Sewage Environment Engineering segment is mainly engaged in the construction and renovation of urban water supply pipeline networks, water plants, and sewage treatment plants. Other segment businesses include equipment sales and other business.
JIANGXI HONGCHENG ENVIRONMENT CO.,LTD. 
