Beijing Jingneng Power Co., Ltd. Provides Earnings Guidance for the Year 2017
January 28, 2018
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Beijing Jingneng Power Co., Ltd. provided earnings guidance for the year 2017. For the year, the company predicts that the net profit owned by shareholders of the listed company in 2017 will decrease by about RMB 1,145 million, with a decrease of about 68% compared with RMB 1,685.54 million at the same period of the year before. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by RMB 833 million, with a decrease of about 64% compared with RMB 1,308.1 million at the same period of the year before.
Beijing Jingneng Power Co Ltd is a China-based company mainly engaged in the production and sales of electric and thermal products, operation of electric power equipment, testing and repair of power generation equipment, and sales of desulfurization gypsum. The power business is mainly engaged in coal-fired power generation and heat supply, with new energy power generation businesses such as wind power and photovoltaic being added, and it also involves investment in comprehensive energy services, coal mines and other projects. The electricity sales business is mainly engaged in power supply in Inner Mongolia, Shanxi, Ningxia, Hebei, Henan, Hubei and other regions. The Company mainly operates its businesses in the domestic market.