2 stories mentioning SHA:600580Updated 24d ago
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Wolong Electric's (SHA:600580) chairman, Pang Xinyuan, proposed to repurchase shares worth between 50 million yuan and 100 million yuan, according to a Shanghai bourse filing on Wednesday.The electrical equipment manufacturer will implement the share buyback within 12 months after the board of directors' approval.
Wolong Electric's (SHA:600580) attributable profit rose 3% year over year to 276 million yuan in the first quarter from 268.1 million yuan.The electrical equipment manufacturer's earnings per share were flat at 0.1772 yuan, according to a Thursday filing with the Shanghai bourse.Revenue declined 1.3% year on year to 3.99 billion yuan from 4.04 billion yuan, which Wolong attributed to the sale of a subsidiary in March 2025 that resulted in lower sales during the latest reporting period.Excluding that impact, revenue for Q1 would have been up 0.97% from last year.
