Hiconics Eco-energy Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 21, 2021 at 05:45 am EDT
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Hiconics Eco-energy Technology Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 923.98 million compared to CNY 887.11 million a year ago. Revenue was CNY 923.98 million compared to CNY 887.11 million a year ago. Net income was CNY 42.95 million compared to net loss of CNY 280.91 million a year ago. Basic earnings per share from continuing operations was CNY 0.0388 compared to basic loss per share from continuing operations of CNY 0.2526 a year ago. Diluted earnings per share from continuing operations was CNY 0.0388 compared to diluted loss per share from continuing operations of CNY 0.2526 a year ago.
Hiconics Eco-energy Technology Co., Ltd., formerly Hiconics Drive Technology Co., Ltd., is a China-based company principally engaged in the research and development(R&D), manufacture and sale of high, medium and low voltage frequency inverters. The Company mainly operates through three segments. Energy Saving Equipment Manufacture segment is involved in the manufacture, R&D and sale of high, middle and low voltage frequency inverters and servo products. Energy Saving and Environmental Protection Project Construction and Operation segment includes landfill gas utilization and waste treatment, industrial waste heat utilization, refractory sewage treatment, industrial energy efficiency and low-emission of coal-fired power plants through its subsidiaries. New Energy Vehicle Assembly and Operation segment is involved in the R&D and manufacture of key components, power assembly systems, charging piles and in-vehicle chargers for new energy vehicles, as well as new energy car rental business.