Solareast Holdings Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2019
August 19, 2019 at 02:09 pm EDT
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Solareast Holdings Co., Ltd. announced earnings results for the half year ended June 30, 2019. For the half year, the company announced sales was CNY 1,520.788 million compared to CNY 1,399.763 million a year ago. Operating income was CNY 17.526 million compared to operating loss of CNY 13.687 million a year ago. Net income was CNY 15.431 million compared to net loss of CNY 15.627 million a year ago. Basic earnings per share from continuing operations was CNY 0.0193 compared to basic loss per share from continuing operations of CNY 0.0195 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.