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SHA:601179

4 stories mentioning SHA:601179

Every FINWIRES story that references SHA:601179, newest first.

Asia

XD Electric's Six Subsidiaries Bag Chinese State Grid's Bid for 1.90 Billion Yuan

China XD Electric's (SHA:601179) six subsidiaries were among the winning bidders of the State Grid Corporation of China's procurement bid for 1.90 billion yuan, according to a Shanghai bourse filing on Sunday.Shares of the power transmission and distribution equipment manufacturer jumped 10% at the close of Monday's trade.The awarded products included transformers, gas-insulated switchgear, circuit breakers, capacitors, instrument transformers and surge arresters.

SHA:601179
Asia

XD Electric's Q1 Profit Jumps 17.5%; Shares Up 4%

China XD Electric's (SHA:601179) net profit attributable to shareholders in the first quarter jumped 17.5% year on year to 346.6 million yuan from 294.9 million yuan, according to a Shanghai bourse filing on Tuesday.Earnings per share also climbed to 0.0676 yuan from 0.0575 yuan last year.Revenue rose 5% to 5.51 billion yuan from 5.24 billion yuan.Shares of the power transmission and distribution equipment manufacturer jumped almost 4% Tuesday morning in Shanghai.

SHA:601179
Asia

Baobian Electric Subsidiary Receives Capital Injection from China XD in Exchange for 30% Stake

Baoding Tianwei Baobian Electric (SHA:600550) subsidiary Baoding Tianwei Wire Rod Manufacturing plans to boost its capital and introduce two investors, according to a Saturday filing with the Shanghai bourse.China XD Electric (SHA:601179) and China Electric Equipment Group Investment will each invest 155.1 million yuan in exchange for a 30% stake each, the filing said.The company waived its right to subscribe to the capital increase, it said.Following the capital injection, Baobian's stake will reduce to 40% from 100%.Shares closed 3% lower on Monday.

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Asia

XD Electric's 2025 Profit Jumps 20%, Revenue Rises 7%

China XD Electric's (SHA:601179) net profit attributable to shareholders in 2025 jumped 20% year on year to 1.27 billion yuan, or 0.25 yuan per share, according to a Shanghai bourse filing on Saturday.The power transmission and distribution equipment manufacturer's shares fell over 2% during the afternoon trade.The attributable profit a year earlier was 1.05 billion yuan, or 0.21 yuan per share.Operating revenue rose 7.1% to 23.8 billion yuan from 22.2 billion yuan in the previous year.

SHA:601179