SHA:601727

2 stories mentioning SHA:601727Updated 1d ago

Every FINWIRES story that references SHA:601727, newest first.

Shanghai Electric Unit to Acquire Special Purpose Equipment Maker

Shanghai Electric Group (HKG:2727, SHA:601727) unit Shenzhen Yinghe Technology agreed to acquire Anwha (Shanghai) Automation Engineering through a non-public agreement transfer for 204.3 million yuan, according to a Wednesday Hong Kong bourse filing.Of the total, 58.02% stake will be purchased from controlling shareholder Shanghai Electric Holding Group for 118.6 million yuan, while the remaining 41.98% will be acquired from eight other shareholders for 85.8 million yuan.The company believes the acquisition will help expedite the company's enhancement of its one-stop smart factory solution capabilities in the lithium battery niche.Anwha (Shanghai) Automation Engineering engages in special purpose equipment manufacturing.

HKG:2727SHA:601727

Asia49d ago

Shanghai Electric's Profit Climbs 30% in Q1

Shanghai Electric (HKG:2727, SHA:601727) recorded a 30% rise in attributable profit in the first quarter of 2026 to 380.4 million yuan from 292.3 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the power service provider were up nearly 1% in Thursday afternoon trading, while China-listed shares were up nearly 2%.Earnings per share rose to 0.0245 yuan from 0.0188 yuan in the corresponding period of the previous fiscal year.Revenue increased 9.3% to 24.3 billion yuan from 22.2 billion yuan in the year-ago period.The firm attributed the higher profit mainly to a rise in operating revenue and gross profit.

HKG:2727SHA:601727

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