Solareast Holdings Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019
October 30, 2019 at 08:17 am EDT
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Solareast Holdings Co., Ltd. announced earnings results for the nine months ended September 30, 2019. For the nine months, the company announced sales was CNY 2,327.801 million compared to CNY 2,266.521 million a year ago. Operating income was CNY 58.947 million compared to operating loss of CNY 38.700 million a year ago. Net income was CNY 44.709 million compared to net loss of CNY 42.221 million a year ago. Basic earnings per share from continuing operations was CNY 0.0559 compared to basic loss per share from continuing operations of CNY 0.0528 a year ago.
Solareast Holdings Co., Ltd., formerly Jiangsu Sunrain Solar Energy Co., Ltd, is a China-based company, principally engaged in the research and development, manufacture and sales of solar stand-alone water heaters. The Company is also engaged in the research and development, manufacture and sales of solar hot water engineering systems, air energy water heaters and water purifiers. The Company distributes its products within domestic market and to overseas markets.
SOLAREAST HOLDINGS CO., LTD. 
