News Column

Baoding Tianwei Group H1 Still Loses Money

August 25, 2014

BAODING, August 25, SinoCast -- Baoding Tianwei Group Co., Ltd., suffering from loss because of new energy service, lost CNY 890 million in the first half of 2014, when its efforts to turn loss to profit has taken no effect. In the reporting period, the company harvested operating revenue of CNY 2.7 billion, in contrast to CNY 4.009 billion a year earlier. Net profit reached negative CNY 890 million, lower than negative CNY 1.408 billion a year ago. Pperating loss was CNY 505 million, generated by new energy service.

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Source: Sinocast Energy Beat (China)

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