3.122 Billion Yuan! TBEA Releases Its Financial Results for Q1 2022

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.

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%.