Northeast Electric Development Company Limited (0042.HK) Stock
Northeast Electric Development Company Limited functions as an investment holding firm, primarily concentrating on the research, design, development, manufacturing, and distribution of power transmission and transformation equipment throughout the People's Republic of China. Its production scope also encompasses various electrical apparatus, such as enclosed busbars and related components.
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About Northeast Electric Development Company Limited
Northeast Electric Development Company Limited functions as an investment holding firm, primarily concentrating on the research, design, development, manufacturing, and distribution of power transmission and transformation equipment throughout the People's Republic of China. Its production scope also encompasses various electrical apparatus, such as enclosed busbars and related components. Beyond these industrial pursuits, the company diversifies into hospitality, providing hotel management, catering, and accommodation services. Its extensive service offerings further include engineering design, construction, reconnaissance, and consultation for new energy projects, in addition to general electric power engineering services. Property leasing forms another segment of its operations. Founded in 1993, and previously known as Northeast Electricity Transmitting & Transformation Machinery Manufacturing Ltd., the company maintains its headquarters in Haikou, People's Republic of China.
Northeast Electric Development Company Limited is led by CEO Xinguang Zhu, employs 282 people, headquartered in Haikou, CN, publicly traded since 2000.
over the past 52 weeks the stock has ranged between $0.22 and $0.71, and currently trades 66.2% below its 52-week high.
Official website: www.nee.com.cn