Beijing Jingneng Power Co., Ltd. Provides Financial Guidance for 2019
January 16, 2020
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Beijing Jingneng Power Co., Ltd. provided financial guidance for 2019. The Company predicts an increase of between RMB 395,300,000 and RMB 553,420,000 in its net profit owned by shareholders of the listed company in 2019 compared with restated data in the same period of the year before, with a year-on-year increase of between 45% and 63%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will increase by between RMB 438,880,000 and RMB 597,000,000 in its net profit owned by shareholders of the listed company in 2019 compared with restated data in the same period of the year before, with a year-on-year increase about between 54% and 74%.
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.