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Sifang Automation's H1 Profit Rises 8%, Revenue Jumps 11%

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Beijing Sifang Automation's (SHA:601126) net profit attributable to shareholders in the first half rose 8% to 514.3 million yuan from 476.2 million yuan a year earlier, according to a Shanghai bourse filing on Thursday.

Earnings per share increased 6.9% year on year to 0.62 yuan from 0.58 yuan.

Operating revenue jumped 11% to 4.48 billion yuan from 4.02 billion yuan in the previous year.

The Chinese power equipment manufacturer proposed to distribute a cash dividend of 4.80 yuan per 10 shares to shareholders.

The company's shares slipped 1% during the afternoon trade.

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