Jiangsu Linyang Energy Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 25, 2022 at 09:27 am EDT
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Jiangsu Linyang Energy Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 984.02 million compared to CNY 955.97 million a year ago. Revenue was CNY 984.02 million compared to CNY 955.97 million a year ago. Net income was CNY 178.74 million compared to CNY 172.39 million a year ago. Basic earnings per share from continuing operations was CNY 0.09 compared to CNY 0.1 a year ago. Diluted earnings per share from continuing operations was CNY 0.09 compared to CNY 0.1 a year ago.
Jiangsu Linyang Energy Co Ltd is a China-based company primarily engaged in the smart energy business. The Company's main business includes the research and development of intelligent power distribution products and related solutions, the development, design, investment and operation of new energy power stations, and the development of supporting energy storage products for new energy power generation. The Company's electricity meter products include three-phase smart energy meters, collectors, concentrators, electricity sales terminals and bidirectional converters. The Company is also engaged in the R&D, manufacturing and sales of monocrystalline photovoltaic modules, as well as the R&D, production and sales of light-emitting diode (LED) products. The Company's business covers domestic and overseas regions.