NE ELECTRIC Reports Annual Loss Attributable to Shareholders of RMB 82.696 Million, Widening 717.88% Year-on-Year

Stock News
04/01

NE ELECTRIC (00042) announced its full-year results for the period ending December 31, 205. Revenue reached RMB 164 million, an increase of 4.94% compared to the previous year. The loss attributable to shareholders was RMB 82.696 million, representing a significant expansion of 717.88% year-on-year. The basic loss per share was 9.47 fen. According to the announcement, the increase in operating revenue was primarily due to a rise in order volume and the number of contracts delivered by its subsidiary, Fuxin Busbar, during the reporting period.

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