YEIG’s 2019 profits increase 8% to CNY 258 million

YEIG’s 2019 profits increase 8% to CNY 258 million

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YEIG’s (Yunnan Province Energy Investment Group) 2019 profits totaled CNY 258 million, an increase of 8% from the previous year.

The group’s total operating income in 2019 was CNY 1.945 billion, an increase of 5.96% over the same period last year. This could likely be attributable to favorable wind conditions in Yunnan throughout the year, allowing total power generation of the four wind power companies to increase 10% compared to the same period last year, as well as electricity sales volume to increase by 7.83% over the same period last year. Moreover, the operating costs were mostly fixed costs, where differences between this year and the previous year are insignificant. (Sina Finance)