News Column

Chint Electrics Q1 Net Up 20%

April 28, 2014

LEQING, April 28, SinoCast -- Zhejiang Chint Electrics Co., Ltd. (SHSE: 601877) posted operating revenue of about CNY 2.39 billion for the first quarter of 2014, up 15.48% year on year. Net profit was CNY 297 million, up over 20%. EPS rose over 20% too to CNY 0.29.

Its high-end brand Noark made profit in 2013 and defeated US and European rivals to enter Golmud phase-III 20MW PV power station project and several other overseas one from January to March 2014, providing combiner box monitoring equipment and combiner box solutions. Its professional ability and an edge in high-end brands have been recognized.

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Source: Sinocast Energy Beat (China)