TBEA Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2021
April 11, 2022 at 05:25 am EDT
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TBEA Co., Ltd. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was CNY 60,346.84 million compared to CNY 43,873.16 million a year ago. Revenue was CNY 61,370.6 million compared to CNY 44,668.99 million a year ago. Net income was CNY 7,254.8 million compared to CNY 2,448.15 million a year ago. Basic earnings per share from continuing operations was CNY 1.8813 compared to CNY 0.5803 a year ago. Diluted earnings per share from continuing operations was CNY 1.8813 compared to CNY 0.5803 a year ago.
TBEA Co., Ltd. is one of the Chinese largest manufacturers of power transformation and transmission equipments. The group proposes transformers (power transformers, reactors, censors, switch boxes, etc.), cables and lead wires (energy network cables, telecoms cables, special cables, plastic insulated cables, glazed wires, etc.), solar systems, etc. Besides, TBEA Co develops production of aluminum foil, and construction, under contract, of photovoltaic and electricity transmission projects activities.
China accounts for 91.9% of net sales.