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)
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
based in INDIA
(32.90 billion Indian Rupees [US$448.43 million]
of which 100%
was Automation & Control system).
During the first
quarter of 2021, sales at Solareast Holdings Co Ltd totalled
705.02 million Chinese Renmimbi.
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)
December of 2020.
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)
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)
Purified Water Machine (down 31.6% to 62.26 million Chinese Renmimbi)