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SHA:601179

5 stories mentioning SHA:601179Updated 8d ago

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

Asia

China XD Electric Subsidiaries Win More Than 4 Billion Yuan in Bids for Electrical Equipment; Shares Rise 10%

China XD Electric (SHA:601179) subsidiaries won a total of 4.13 billion yuan of bids for electrical equipment, according to a Thursday disclosure to the Shanghai Stock Exchange.The 14 units won bids for transformers, converter valves, wall bushings, capacitors, resistors, surge arresters, circuit breakers, disconnect switches, and grounding switches, and reactors.Shares rose 10% during afternoon trading on Thursday.

SHA:601179
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.

SHA:600550SHA:601179
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

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