Gushan Environmental Energy Limited (GU) announced that its third-quarter net loss amounted to RMB 79.1 million or US$11.6 million, compared to net income of RMB 74.7 million for the third quarter of 2008. Net loss per ADS for the quarter was RMB 0.948 or US$0.139, compared to net income of RMB 0.892 per ADS in the year ago quarter.
On a non-GAAP basis, net loss was RMB 72.5 million or US$10.6 million, compared to net income of RMB 86.1 million for the third quarter of 2008. Non-GAAP net loss per ADS of RMB 0.869 or US$0.127, compared to net income of RMB 1.028 per ADS in the year ago quarter.
Revenues for the quarter amounted to RMB 112.3 million or US$16.4 million, representing a decrease of 74.9% from RMB 448.0 million for the third quarter of 2008.
The company expects the remainder of 2009 to continue to be challenging for Gushan's business operations.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.