Solareast Holdings Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 28, 2020 at 01:21 pm EDT
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Solareast Holdings Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 3,366.098 million compared to CNY 3,176.685 million a year ago. Operating income was CNY 96.861 million compared to operating loss of CNY 516.765 million a year ago. Net income was CNY 82.581 million compared to net loss of CNY 491.686 million a year ago. Basic earnings per share from continuing operations was CNY 0.1032 compared to basic loss per share from continuing operations of CNY 0.6146 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. 
