JILIN PROVINCE CHUNCHENG HEATING COMPANY LIMITED


Associated tags: China National Intellectual Property Administration, Maintenance, Police Technology Department, Stock exchange, Intelligence, Research, Motherboard, Engineering, Economic development, Publicity Department of the Chinese Communist Party, Heat, AI, Renewable energy

Chuncheng Heating Maintains High-Quality Development in 1H2023, Net profit Increases 95.9% year-on-year to RMB125 Million

Retrieved on: 
Tuesday, September 5, 2023
China National Intellectual Property Administration, Maintenance, Police Technology Department, Stock exchange, Intelligence, Research, Motherboard, Engineering, Economic development, Publicity Department of the Chinese Communist Party, Heat, AI, Renewable energy

Gross profit increased significantly by 77.2% to RMB226 million, primarily due to decrease in heat procurement costs, coal procurement, labor workers as well as utilities costs, etc.

Key Points: 
  • Gross profit increased significantly by 77.2% to RMB226 million, primarily due to decrease in heat procurement costs, coal procurement, labor workers as well as utilities costs, etc.
  • Net profit margin was 13.9% with earnings per share at RMB0.27.
  • It continued to improve its management system for heat supply production and enhanced the level of applying intelligence in heat supply business.
  • During the Period, the Group's revenue generated from heat supply business was RMB879 million, up by 2.1% year-on-year.