China Singyes Solar Technologies Holdings Limited
SINGYES SOLAR: Announces 2015 Interim Results – Solar EPC business grows by 32.4% to RMB1,034 million Net profit surges by 7.7% to RMB 223 million
Press Release Announces 2015 Interim Results Solar EPC business grows by 32.4% to RMB1,034 million Financial Highlights:
Revenue by business:
(Hong Kong, August 27, 2015) China Singyes Solar Technologies Holdings Limited (the “Company” or “Singyes”, together with its subsidiaries, the “Group”, Stock Code: 0750.HK) today announced its unaudited interim results for 2015. During the period, the Group’s revenue from solar EPC and sale of renewable energy goods has increased steadily, of which the EPC business grew by 32.4%. However, due to the unfavourable construction industry environment in China, the Group’s revenue dropped by 4.3% to RMB2,200 million in the first six months of 2015. Net profit increased 7.7% to RMB223 million.
Solar EPC and sale of renewable energy goods The Group is aggressively developing its solar EPC business and has expedited various collaboration projects, including signing project agreements with Yangdong County in the Guangdong province, GCL Newenergy and China Minsheng New Energy. The Group also signed an MOU with China South City to invest, develop and operate on-the-ground and distributed solar power stations. In the first half of the year, the Group has completed solar EPC projects amounting to 120MW, mainly located in in the Middle and Eastern regions. Curtain wall and green building business Others Overseas business expansion Continuously optimizing the financing structure Mr. Liu Hongwei, Chairman of Singyes Solar, commented, “The strong growth in the Group’s solar EPC business in the first six months proves that the market demand for solar application has remained strong. We will continue consolidating our leading position in the solar and green building markets. In the meantime, as solar power is applied in more areas in China following the adoption of the new ‘One Belt and One Road’ strategy, we will continue to consolidate resources, develop new products and technology in order to capture more opportunities.” -END-
About China Singyes Solar Technologies Holdings Limited Singyes Solar also specializes in developing solutions such as curtain walls, distributed and on-the-ground solar power stations and smart micro grid systems, and develops and promotes new products which meet market needs. For further enquiries, please contact: End of Press Release +++++ Document: http://n.equitystory.com/c/fncls.ssp?u=HBCFYDBAHP Document title: SINGYES SOLAR: Announces 2015 Interim Results – Solar EPC business grows by 32.4% to RMB1,034 million Net profit surges by 7.7% to RMB 223 million Key word(s): Quarter Results 27/08/2015 UTC+8 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com |
389877 27/08/2015 UTC+8 |