Xiongan Kerong Environment Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 23, 2020 at 06:52 am EDT
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Xiongan Kerong Environment Technology Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 45.202 million compared to CNY 77.447 million a year ago. Operating loss was CNY 22.804 million compared to operating Income of CNY 85.274 million a year ago. Net loss was CNY 22.895 million compared to net income of CNY 87.813 million a year ago. Basic loss per share from continuing operations was CNY 0.0321 compared to basic earnings per share from continuing operations of CNY 0.1232 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.