Henan Yicheng New Energy Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 26, 2021 at 05:48 am EDT
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Henan Yicheng New Energy Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 4,241.31 million compared to CNY 2,498.76 million a year ago. Revenue was CNY 4,241.31 million compared to CNY 2,498.76 million a year ago. Net loss was CNY 37.91 million compared to net income of CNY 33.91 million a year ago. Basic loss per share from continuing operations was CNY 0.018 compared to basic earnings per share from continuing operations of CNY 0.0168 a year ago. Diluted loss per share from continuing operations was CNY 0.018 compared to diluted earnings per share from continuing operations of CNY 0.0168 a year ago.
Henan Yicheng New Energy Co Ltd is a China-based company mainly engaged in the production and sales of battery chips. The Company operates two segments: Kaifeng Carbon segment and Pingmei Longji segment. The Kaifeng Carbon segment is mainly responsible for the research and development (R&D), production and sales of graphite electrodes. The Pingmei Longji segment is responsible for the production and sales of battery chips. The Company's products include high-efficiency monocrystalline silicon cells, lithium batteries, solar power plants, ultra-high-power graphite electrodes, cathode materials, etc.