Detail akcie Northeast Electr-H- online

Business Summary: Northeast Electric Development Company Limited is a China-based company principally engaged in the research, development, design, manufacture and distribution of power transmission and transformation equipment. The Company’s main products include power capacitors, closed bus-bars and high-voltage switch combined electric appliances, among others. The Company’s products are applied in power systems in order to improve the voltage quality of power systems and the transmission power of transmission lines. The Company distributes its products in domestic market, with northeast area of China and North China as its main markets.
Financial Summary: BRIEF: For the nine months ended 30 September 2019, Northeast Electric Development Co Ltd revenues increased from RMB21.6M to RMB72.1M. Net loss totaled RMB5.7M vs. income of RMB9.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Selling Expense increase from RMB3.2M to RMB25.9M (expense), Add: Non-operating incomes decrease of 85% to RMB534K (income).