The company has been working hard since the Covid outbreak to ensure it stays on track to meet all future deadlines
China Suntien Green Energy expects the listed company’s net profit attributable to shareholders to grow 35.7%-46.9% year-on-year in 2021 to 2.05-2.22 billion yuan (324.2-351.1 million US dollars), according to a recent filing.
The company has been working hard since the Covid outbreak to ensure it stays on track to meet all future deadlines and ensure shareholders reap the rewards.
Excluding one-time gains and losses, net income is expected to grow 37.7% to 49.3% year-on-year to 2.02 billion yuan to 2.19 billion yuan.
The utility attributed the projected earnings improvement to higher sales volumes and average gas prices, as well as more wind resources and grid-tied power.
China Suntien is on track to meet natural gas demand as the need for renewable energy sources becomes more important. The Company expects to outperform the broader market and be well positioned as a leader in Asia in sales of natural gas and wind power generation.
About China Suntien Green Energy Corp:
China Suntien Green Energy Corp Ltd is a company principally engaged in the sale of natural gas and wind energy. The Company operates three segments. The Natural Gas segment is engaged in the sale of natural gas and natural gas equipment to town gas companies and industrial customers. This segment’s businesses also include natural gas pipeline construction and natural gas pipeline connection services. The Wind Power and Solar Energy segment includes the development, management and operation of wind turbines and solar power plants and sells electricity to grid operators. The other segments are engaged in the rental of real estate and equipment.
The Kusler Group, in partnership with New City Consults Co., Ltd. has experienced significant growth in its 8 years of existence, first establishing itself in Japan before expanding in the region with offices in Hong Kong and Taiwan. Controlling more than $7 billion in assets, Kusler Group’s relationship managers are seasoned professionals with international experience across a wide range of markets.
Japan (Global Headquarters)
This is not an endorsement or recommendation. All investments involve significant risks and any investment decisions made by any person remain the specific responsibility of that person. There is no guarantee that winnings will or will not result in a total loss or losses. All investors are advised to fully understand all risks associated with any type of investment they choose.
This article does not contain an offer to sell, a solicitation of an offer to buy, or a recommendation for any securities or other products or services. In addition, nothing in this PR should be construed as a recommendation to buy, sell or hold any investment or security or to engage in any investment strategy or transaction. It is your responsibility to determine whether an investment, investment strategy, security or related transaction is appropriate for you based on your investment objectives, financial circumstances and risk appetite. Consult your business adviser, attorney, or accountant about your specific business, legal, or tax situation.
This content is published on behalf of the above source. Please contact them directly with any concerns related to the above.