Xinjiang Torch Gas Co., Ltd Reports Earnings Results for the Nine Months Ended September 30, 2021
October 26, 2021 at 04:01 am EDT
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Xinjiang Torch Gas Co., Ltd reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 609.57 million compared to CNY 413.56 million a year ago. Revenue was CNY 609.57 million compared to CNY 413.56 million a year ago. Net income was CNY 79.37 million compared to CNY 31.38 million a year ago. Basic earnings per share from continuing operations was CNY 0.56 compared to CNY 0.22 a year ago. Diluted earnings per share from continuing operations was CNY 0.56 compared to CNY 0.22 a year ago.
Xinjiang Torch Gas Co., Ltd. is a China-based company principally involved in the transmission and distribution of urban gas, sales and installation of gas facilities and equipment. The Companyâs main businesses include sales of gas and home installation of gas equipment services, among which the gas sales clients include residents, industrial and commercial gas users and compressed natural gas (CNG) vehicle users, and installation business clients include municipal construction authorities, dedicated pipeline customers and real estate development companies. The Companyâs other businesses include gas meter replacement for users and sales of gas cards.