PVTIME – On April 23, TBEA Co., Ltd.(600089.SH), a leading manufacturer engages in high-end power transmission and transformation equipment manufacturing, renewable energy and new materials, announced its financial results for the three months ended March 31, 2022.
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For the first quarter, the operating income was approximately 17.1 billion yuan, increasing by 81.19% year over year. The net profit attributable to shareholders of listed companies was about 3.122 billion yuan, increasing by 47.28% year over year. The basic earnings per share was 0.8237 yuan, a year-on-year increase of 44.36%.
As of the end of March 2022, the total installed power generation capacity of the company’s power stations was 4,975MW, of which 530MW self-operated photovoltaic power stations (10.65%), 1,725MW self-operated wind power stations (34.67%), and 2,720MW coal power stations accounting for 54.68%.