Xiongan Kerong Environment Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2020
October 27, 2020 at 06:44 am EDT
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Xiongan Kerong Environment Technology Co., Ltd. announced earnings results for the nine months ended September 30, 2020. For the nine months, the company announced sales was CNY 272.587 million compared to CNY 334.129 million a year ago. Operating loss was CNY 28.534 million compared to operating Income of CNY 93.237 million a year ago. Net loss was CNY 34.230 million compared to net income of CNY 92.194 million a year ago. Basic loss per share from continuing operations was CNY 0.048 compared to basic earnings per share from continuing operations of CNY 0.129 a year ago.
Xiong an New Power Technology Co Ltd, formerly Xiongan Kerong Environment Technology Co Ltd, is a China-based company mainly engaged in energy-saving combustion related businesses. The Company is mainly engaged in technology research and development, engineering design, product manufacturing, equipment set, engineering management, technical services and combustion experiments in the field of energy-saving combustion. The Company's main products are energy-saving combustion ignition equipment and combustion control system applications, including ignition oil gun devices, double-strength micro-oil ignition systems, plasma oil-free ignition systems, flue burners, pulverized coal boiler low-nitrogen burners, oil and gas boiler low-nitrogen burners, heating furnace ultra-low nitrogen burners, industrial boiler ultra-low nitrogen burners, combustion control systems, oxygen-enriched burners, and others.