China Suntien Green Energy expects net profit attributable to shareholders of the listed company in 2021 to rise by 35.7% to 46.9% year over year to between 2.05 billion yuan and 2.22 billion yuan ($324.2 million to $351.1 million), according to a recent filing.
The company has been working hard since the covid outbreak to ensure they remain on track to meet all future deadlines and make sure shareholders can reap the rewards.
Excluding nonrecurring gains and losses, net profit is forecast to jump by 37.7% to 49.3% to between 2.02 billion yuan and 2.19-billion-yuan year over year.
The power supplier attributed the projected improvement in results to higher sales volume and average price of gas, as well as more wind resources and grid-connected power.
China Suntien are on course to meet natural gas demands as the need for renewable energy sources becomes even more of a necessity. The company expects to outperform the broader market and be well placed as the leading company in Asia in the sale of natural gas and wind power generation.
About China Suntien Green Energy Corp:
China Suntien Green Energy Corp Ltd is a company mainly engaged in the sales of natural gas and wind power generation. The Company operates three segments. The Natural Gas segment is involved in selling natural gas and natural gas appliances to urban gas companies and industrial clients. This segment’s businesses also include natural gas pipeline construction and natural gas pipeline connection services. The Wind Power and Solar Energy segment involves the development, management and operation of wind power plants and solar power plants and sells electricity to grid companies. The Other segments is engaged in the rental of properties and equipment.
About Us:
Kusler Group in partnership with New City Consults Co.,Ltd, has enjoyed significant growth in its 8 years of operations, first establishing itself in Japan before expanding in the region with offices Hong Kong and Taiwan. Controlling over $7 billion in assets Kusler Group account managers are practiced specialists with international experience in a host of markets.
###
Kusler Group
Japan (Global Headquarters)
1-5-6
Motoakasaka
Minato-ku
Tokyo
Japan
Contact: Julie Chen
Phone: +815055341809
E-mail: info@kuslergroup.com
Web: www.kuslergroup.com
Newsroom: news.38digitalmarket.com
Disclaimer:
This is not an endorsement or recommendation. All investments carry significant risk and all investment decisions of an individual remain the specific responsibility of that individual. There is no guarantee that it will result in profits or that it will not result in a full loss or losses All investors are advised to fully understand all risks associated with any kind of investing they choose to do.
There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained 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 any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.
Release ID: 211786
