Harbin Shirble Electric-Heat Co., Ltd. (SSE:600864) released audited financial results for 2007 on April 30 in the company's annual report.
According to the report, the company's 2007 revenue was RMB 540.13 million, up 22.71% year-over-year; net income rose 520.66% to RMB 53.06 million, and EPS was RMB 1.15, growth of 5,850.00% compared with the same period of 2006.
Harbin Shirble Electric-Heat Co., Ltd. is engaged in the electric power and heat sectors. The Company supplies electric power and heat in Harbin, Heilongjiang Province, People's Republic of China. During the year ended December 31, 2006, the Company supplied approximately 7.6 billion mega joule of heat and 462.6 million kilowatt-hours of electric power, which accounted for approximately 41% and 30% of the Company's total revenue, respectively. In addition, the Company is involved in the steam, cement and fertilizer businesses. As of December 31, 2006, the Company had two major subsidiaries and one major affiliate.
