Sifang Automation Applies for Hong Kong Listing
Beijing Sifang Automation (SHA:601126) applied for the offering and listing of H-shares on the Hong Kong Exchange, according to a Shanghai bourse filing on Wednesday.
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Beijing Sifang Automation (SHA:601126) applied for the offering and listing of H-shares on the Hong Kong Exchange, according to a Shanghai bourse filing on Wednesday.
Beijing Sifang Automation's (SHA:601126) attributable profit rose 12% to 270.7 million yuan in the first quarter from 241.5 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.Earnings per share at the power equipment manufacturer increased 14% to 0.33 yuan from 0.29 yuan in the prior-year period.Operating revenue grew 18% year over year to 2.16 billion yuan from 1.83 billion yuan.
Beijing Sifang Automation (SHA:601126) plans to apply for the offering and listing of shares on the Hong Kong Stock Exchange, according to a Shanghai bourse filing on Tuesday.Shares of the Chinese producer of power system automation products slipped 1% during the morning trade.