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Solareast Holdings Co Ltd Company Snapshot
Solareast Holdings Co Ltd operates in the Heating equipment, except electric sector. In addition to historical fundamental analyses, the complete report available to purchase compares Solareast Holdings Co Ltd with three other heating, ventilation, plumbing and air conditioning equipment manufacturers in Asia: Kyung Dong Navien Company Limited of KOREA (SOUTH) (2020 sales of 873.41 billion Korean Won [US$780.83 million] of which 100% was Boiler & Heater Manufacturing & Sale), Zhenjiang Dongfang Electric Heating Technology Co Ltd (2.40 billion Chinese Renmimbi [US$374.19 million] of which 59% was Citizens Electronical Heater), and Honeywell Automation India Limited which is based in INDIA (32.90 billion Indian Rupees [US$448.43 million] of which 100% was Automation & Control system).

Sales Analysis. During the first quarter of 2021, sales at Solareast Holdings Co Ltd totalled 705.02 million Chinese Renmimbi. This is an increase of 57.6% from the 447.30 million Chinese Renmimbi in sales at the company during the first quarter of 2020. There appears to be at least some degree of seasonality in the sales at Solareast Holdings Co Ltd: during 7 of the previous 8 years, sales were highest during the fourth quarter. The exception to this was during 2013, when the second quarter was the best quarter, accounting for 33% of sales (during that same year, the fourth quarter accounted for 24% of sales). Solareast Holdings Co Ltd reported sales of 3.54 billion Chinese Renmimbi (US$553.02 million) for the year ending December of 2020. This represents an increase of 5.2% versus 2019, when the company's sales were 3.37 billion Chinese Renmimbi. This was the fourth straight year of sales growth at Solareast Holdings Co Ltd. Sales of Air Energy saw an increase that was more than double the company's growth rate: sales were up 20.8% in 2020, from 238.24 million Chinese Renmimbi to 287.84 million Chinese Renmimbi. Solareast Holdings Co Ltd also saw significant increases in sales in Solar Thermal Heater (up 7.8% to 1.82 billion Chinese Renmimbi) and Electric Water Heater (up 13.3% to 366.03 million Chinese Renmimbi) . Not all segments of Solareast Holdings Co Ltd experienced an increase in sales in 2020: sales of Photovoltaic fell 75.0% to 6.03 million Chinese Renmimbi. (However, this segment's sales were only a very small portion of the company's overall sales). Solareast Holdings Co Ltd also experienced decreases in sales in Wall-Hung Boilers (down 2.6% to 167.51 million Chinese Renmimbi) and Purified Water Machine (down 31.6% to 62.26 million Chinese Renmimbi) .
   
   
 
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Solareast Holdings Co Ltd
  Stock Performance Chart for Solareast Holdings Co Ltd
 
  Stock Data: Recent Stock Performance:
  Current Price (6/11/2021): 4.63
(Figures in Chinese Renmimbi)
1 Week -1.1%   13 Weeks 2.7%  
4 Weeks -0.4%   52 Weeks -18.5%  
 
Solareast Holdings Co Ltd Key Data:
  Ticker: 603366 Country: China
  Exchanges: SHG Major Industry: Capital Goods
    Sub Industry: Heating Equipment, Except Electric
  2020 Sales 3,542,740,925
(Year Ending Jan 2021).
Employees: 4,002
  Currency: Chinese Renmimbi Market Cap: 3,704,000,000
  Fiscal Yr Ends: December Shares Outstanding: 800,000,000
  Share Type: A Gu Closely Held Shares: 519,771,421
 
 
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