China titans energy technology group co., limited private company information – bloomberg gas natural inc

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China Titans Energy Technology Group Co., Limited, an investment holding company, engages in the research, development, manufacture, and sale of power electric products and equipment in the People’s Republic of China. The company operates through DC Power System, Charging Equipment, Charging Services and Construction, and Others segments. It offers power supply products, including GZDW high frequency switch DC power supply systems, intelligent LV AC power supply distribution systems, integration power supply systems, and test power supply systems. The company also provides EV charging products comprising AC EV charging poles, binning chargers, charging modulars, and battery maintenance and m…

China Titans Energy Technology Group Co., Limited, an investment holding company, engages in the research, development, manufacture, and sale of power electric products and equipment in the People’s Republic of China. The company operates through DC Power System, Charging Equipment, Charging Services and Construction, and Others segments. It offers power supply products, including GZDW high frequency switch DC power supply systems, intelligent LV AC power supply distribution systems, integration power supply systems, and test power supply systems. The company also provides EV charging products comprising AC EV charging poles, binning chargers, charging modulars, and battery maintenance and management systems; and storage power and microgrid products consisting of PV converters, energy storage chargers and dischargers, TPCS converters, controllers, and daemon software products. In addition, it offers wind and solar power generation balancing control and other products, charging equipment for electrical vehicles, and electrical direct current products; sells and leases electric vehicles; and provides charging services for electric vehicles, as well as construction services of charging poles for electric vehicles. The company was founded in 1992 and is headquartered in Zhuhai, the People’s Republic of China.

China Titans Energy Technology Group Co., Limited reported audited consolidated earnings results for the year ended 31 December 2017. For the year, the company reported revenue of RMB 327,861,000 against RMB 289,298,000 a year ago. Profit before tax was RMB 200,311,000 against RMB 10,953,000 a year ago. Profit for the year was RMB 159,166,000 against RMB 4,955,000 a year ago. Profit for the year attributable to owners of the company was RMB 163,706,000 against RMB 7,279,000 a year ago. Earnings per diluted share was 16.52 cents against 0.79 cents a year ago. Revenue was mainly derived from the Group’s principal businesses including various products such as direct current power system products (the DC Power System products or electrical DC products), charging equipment for electric vehicles, construction under build-operate- transfer (BOT) arrangements and charging services for electric vehicles. Compared with 2016, the Group’s profit significantly increased, mainly due to: the increase in revenue of key products compared with last year; the significant increase in revenue from charging services for electric vehicles; and the significant increase in gain on disposal of available-for-sale financial asset classified as held for sale during the year. Capital expenditures contracted was RMB 64,028,000 against RMD 65,636,000 a year ago.