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04/24/14 - $0.17
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sunpower group ltd (SPWG) Details

Sunpower Group Ltd., an investment holding company, is engaged in the research and development, design, manufacture, and sale of customized energy saving and environmental protection products and solutions. It offers heat exchangers and pressure vessels for completing the reaction, heat transfer, separation, and storage during the process of industrial production; and heat pipes and heat-pipe exchangers used to recover residual heat in the petrochemical, steel, and chemical projects, as well as to protect the permafrost foundation in the construction of roads, railways, and oil pipelines. The company provides pipe supports and thermal insulation materials/engineering to provide heat isolation from the environmental temperature change and minimise losses during transmission; and thermal insulation engineering is to provide engineering, fabrication, procurement, installation, and renovation for energy conservation projects of cold and cryogenic applications. In addition, it offers energy-saving and environmental protection systems comprising flare-gas recovering systems that are used to recover useful petrochemical by-products contained in flare gas or waste gas generated in a petrochemical refinery during the production process; sulfur recovery systems for oil refining, natural gas, and coal chemical industries; and Zero Liquid Discharge systems for salty wastewater treatment and flare system. Further, the company designs, manufactures, and sells pipe racks and hangers; and provides technical and consultation services. It serves petrochemical, chemical, polysilicon, coal chemical, pharmaceutical, tobacco, liquefied natural gas, sulfur recovery, metallurgical, and transportation industries primarily in the United States, Europe, Australia, Southeast Asia, South Asia, Central Asia, South America, North America, and the Middle East. The company was founded in 1997 and is headquartered in Nanjing, China.

Founded in 1997

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sunpower group ltd (SPWG) Key Developments

Sunpower Group Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Sunpower Group Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of RMB 301,352,000 against RMB 245,393,000 a year ago. Profit before income tax was RMB 25,943,000 against RMB 17,200,000 a year ago. Profit for the financial period was RMB 20,968,000 against RMB 13,921,000 a year ago. Net cash generated from operating activities was RMB 70,038,000 against RMB 23,481,000 a year ago. Purchase of property, plant and equipment was RMB 5,048,000 against RMB 25,518,000 a year ago. Basic earnings per share were 6.02 cents against 4.43 cents a year ago. The group's revenue increased by RMB 56.0 million or 22.8% due primarily to the increased revenue derived from Heat Pipes and Heat Pipe Exchangers of RMB 22.9 million and Energy Saving and Environmental Protection Systems of RMB 28.5 million. For the six months, the company reported revenue of RMB 559,315,000 against RMB 461,263,000 a year ago. Profit before income tax was RMB 39,249,000 against RMB 23,087,000 a year ago. Profit for the financial period was RMB 31,567,000 against RMB 17,288,000 a year ago. Net cash generated from operating activities was RMB 101,700,000 against RMB 32,809,000 a year ago. Purchase of property, plant and equipment was RMB 46,273,000 against RMB 43,219,000 a year ago. Basic earnings per share were 9.62 cents against 5.85 cents a year ago. Net asset value per share was RMB 164.86 against RMB 174.76 a year ago.

Sunpower Group Ltd., Annual General Meeting, Aug 13, 2014

Sunpower Group Ltd., Annual General Meeting, Aug 13, 2014., at 09:30 Singapore Standard Time. Location: Marina Mandarin Singapore. Agenda: To consider the proposed adoption of the Sunpower performance share plan; and to consider the proposed amendment to bye-law 145 of the bye-laws.

Sunpower Group Ltd. Announces Incorporation of Subsidiary in United States of America

The Board of Directors of Sunpower Group Ltd. announced that the Company has incorporated a wholly-owned subsidiary in the State of Texas, United States of America, for marketing and as a technical support center of the Group. The name of the subsidiary is Sino-Sunpower Technology Inc. with initial registered capital of USD 200,000.


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