EAST releases H1 2021 Financial Forecast

PVTIME – EAST Group, a Chinese supplier of smart energy system solutions, recently released its H1 2021 semi-annual financial forecast.

During the reporting period, the expected net profit attributable to shareholders of listed companies is between RMB 204 million ($31.54 million) to RMB 240 million ($37.10 million), an increase of 10% to 30% over the same period last year.

According to the release, EAST attributes the rise in profit to the steady growth of its high-end power supply equipment, data center business, and photovoltaic power generation segments. Furthermore, during the reporting period, the company continued to support its participation in the new energy strategic emerging industries such as high-end power equipment, data centers, 5G power supply, energy storage, charging pile equipment, and photovoltaic power generation.

Established in 1989, EAST Group is a power supply manufacturer, global smart city, and smart energy system solutions supplier. Headquarter with an area of 200,000m2 producing and R&D space in Dongguan city, and other R & D and manufacturing bases in Shenzhen, Nanjing, Kunshan, and Hefei citiy as well, EAST professionally commits itself to R&D, production, sale, and service of the three strategic industry products – IDC Data Center (Incl. UPS, High voltage DC equipment), PV power stations (incl. PV inverters) and Smart micro-grid (incl. rail transportation, new energy vehicles and charging stations).