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china new energy ltd (CNEL) Details

China New Energy Limited, an investment holding company, engages in the provision of bioenergy technology solutions in the People’s Republic of China, Thailand, Taiwan, Indonesia, Romania, Russia, Canada, Myanmar, and Cambodia. The company offers equipment, procurement, and construction services, as well as value added services. It designs and builds commercial-scale biorefineries. The company offers plant design and construction services, including technical design and engineering, procurement and construction, installation and testing, training, maintenance, and facility upgradation and enhancement services; energy management and conservation services; and yeast management services. It is also involved in the production of biogas through the treatment and anaerobic fermentation of waste by-products. The company offers its technology and engineering services to ethanol, ethanol downstream product, and biobutanol producers. China New Energy Limited was incorporated in 2006 and is based in Guangzhou, the People's Republic of China.

79 Employees
Last Reported Date: 06/28/18
Founded in 2006

china new energy ltd (CNEL) Top Compensated Officers

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Compensation as of Fiscal Year 2017.
china new energy ltd
China New Energy Limited Provides Earnings Guidance for the Year 2018 and 2019

China New Energy Limited expected revenues to continue to grow in 2018 as a result of the recent policy changes in China which have stimulated domestic demand for ethanol production technology and, in turn, the technology and services provided by CNE. 2018 will be third consecutive profitable year. The outlook for 2019 is for continued growth. A key goal for 2019 is to actively address share price, so the company can use its equity to take advantage of the opportunities in this growing renewable energy market.

China New Energy Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018

China New Energy Limited announced unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue was RMB 71,371,000 against RMB 68,760,000 a year ago. Profit before income tax income tax expense was RMB 11,997,000 against RMB 10,581,000 a year ago. Profit for the financial period was RMB 10,400,000 against RMB 10,581,000 a year ago. Basic and diluted per share was RMB 0.024 against RMB 0.023 a year ago. Net cash flow from operating activities was RMB 9,348,000 against cash outflow of RMB 5,682,000 a year ago. Purchase of property, plant and equipment of RMB 205,000 compared to RMB 139,000 a year ago.

China New Energy Limited Announces Resignation of Nick Brooks as Director

The board of China New Energy Limited announced that Nick Brooks, a director, has resigned from the Board. Mr. Brooks' resignation as a director is with effect from 31 August 2018 after which it is anticipated that he will provide technology and business development services to the company. The company further announced that, at its AGM held July 30, 2018, resolution 5 to reappoint Mr. Brooks, which was withdrawn following his resignation.

 

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