Company DescriptionTonking New Energy Group Holdings Limited, an investment holding company, engages in the renewable energy business in the People's Republic of China. It offers one-stop value added solution for photovoltaic power stations; sells patented photovoltaic tracking mounting bracket systems; researches and develops solar power technology; and sells electricity. The company was formerly known as JC Group Holdings Limited and changed its name to Tonking New Energy Group Holdings Limited in May 2016. Tonking New Energy Group Holdings Limited was founded in 2004 and is headquartered in Tsim Sha Tsui, Hong Kong.
How the Company Makes MoneyTonking New Energy Group Holdings Ltd. generates revenue through the sale and distribution of its energy-saving products and technologies. Its key revenue streams include the direct sale of renewable energy products, licensing of proprietary technologies, and possibly engaging in strategic partnerships or joint ventures with other companies in the clean energy sector. The company benefits from the growing demand for sustainable energy solutions, government incentives for renewable energy adoption, and an increasing focus on reducing carbon footprints globally. These factors contribute significantly to its earnings, as more businesses and consumers seek environmentally friendly energy alternatives.