3 stories mentioning SHA:600292
Every FINWIRES story that references SHA:600292, newest first.
SPIC Hydropower's (SHA:600292) attributable profit rose 168% to 393 million yuan in the first quarter from 146.6 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the water conservancy company tripled to 0.09 yuan from 0.03 yuan in the prior-year period.Operating revenue declined 19% year over year to 2.47 billion yuan from 3.04 billion yuan.
Chinese shares were muted as investors are cautious over the outcome of a potential second round of negotiations between the U.S. and Iran.The Shanghai Composite Index modestly slipped to cap the week's trade at 4,051.43. Meanwhile, the Shenzhen Component Index added 0.6%, or 89.08 points, to 14,885.42.U.S. President Donald Trump said the deal to end the war with Iran is "very close" as representatives from both countries are expected to meet in Islamabad during the weekend.Israel and Lebanon will also conduct talks after agreeing on a ten-day ceasefire, which became effective on Thursday.In corporate news, SPIC Hydropower (SHA:600292) dropped 4% after announcing that its unit, Wuling Power, plans to acquire equity in seven new energy project companies in China's Hunan Province for 330.5 million yuan.Yonghui Superstores (SHA:601933) jumped 3.5% after posting a 94% year-on-year rise in its first-quarter attributable net profit to 286.9 million yuan.
SPIC Hydropower's (SHA:600292) unit, Wuling Power, plans to acquire equity in seven new energy project companies in China's Hunan Province for 330.5 million yuan, according to a Shanghai bourse filing on Friday.Wuling Power will take over 51% of Changde Lingyang New Energy, 80% of Jiangyong Lingjian New Energy and 90% of Yongzhou Shuangpai Daguping Wind Power. The power company will fully acquire Guiyang Lingsheng New Energy, Zhangjiajie Lingsheng New Energy, Mayang Lingsheng New Energy and Zixing Lingsheng New Energy.The companies, which were established between 2017 and 2023, have a total installed capacity of 391.81 megawatts. Their registered capital ranged from 5 million yuan to 300 million yuan.Shares of the flue gas desulfurization and water conservancy company dropped less than 4% during the afternoon trade.