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SHA:603530

7 stories mentioning SHA:603530Updated 13d ago

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Asia

Inflation Concerns, Oil Spike Weigh Down China Equities; Jiangsu Shemar Electric Falls 8%

Chinese equities closed lower on Thursday, as mounting concerns over persistent inflationary pressures and deteriorating global risk appetite weighed heavily on investor confidence.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.4% to 3,934.40. The Shenzhen Component Index fell 0.8% to 13,617.67.The downturn mainly stemmed from escalating geopolitical friction between the U.S. and Iran, which was followed by a 3.4% surge in Brent crude to $101.21 per barrel on Wednesday and raised market fears of a protracted supply crunch.In China news, the country placed second in Brand Finance's inaugural Trade in Services 100 2026 ranking, with 21 brands worth a combined $876.8 billion, representing 19% of the total ranking value. TikTok/Douyin emerged as China's most valuable trade in services brand, ranking fourth globally at $153.5 billion.On the corporate front, Jiangsu Shemar Electric (SHA:603530) won 21 bid packages for about 235 million yuan in China Electrical Equipment's 2026 centralized procurement project. Shares of the power system substations manufacturer closed 8% lower Thursday.

Shanghai Composite^SZSESHA:603530
Asia

Jiangsu Shemar Electric Wins 235 Million Yuan in China Electrical Equipment Bids

Jiangsu Shemar Electric (SHA:603530) won 21 bid packages for about 235 million yuan in China Electrical Equipment's 2026 centralized procurement project.The procurement covers composite bushings for combined electrical apparatus, composite post insulators, and composite insulators for instrument transformers and surge arresters, according to a Thursday filing with the Shanghai bourse.Shares of the power system substations manufacturer fell nearly 7% in recent trade.

SHA:603530
Asia

China Stocks Close Lower Amid Oil Price Declines

Chinese stocks closed lower on Thursday amid a decline in oil prices and the country's central bank stopping short of signaling reductions in policy rates.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.5% or by 19.71 points to 3,926.96. The Shenzhen Component Index fell 0.9% or by 124.99 points to 14,289.44.Brent crude prices so far slipped by around 1%. The decline comes as investors are looking at weaker global demand this year, Reuters reported Thursday.Meanwhile, the People's Bank of China said it will increase financial support across key areas by growing domestic demand, expanding technological innovation, and supporting micro and small enterprises.Optical communications and tech companies also closed stronger on Thursday following strong forecasts from U.S. artificial intelligence firms.Suzhou TFC Optical Communication (SHE:300394) closed 7% higher, while Jiangsu Shemar Electric (SHA:603530) shares closed 4% lower despite a 34% rise in first-half net attributable profit.

Shanghai Composite^SZSESHA:603530SHE:300394
Asia

Shemar Electric's H1 Profit Climbs 34%, Revenue Rises 27%; Shares Down 3%

Jiangsu Shemar Electric's (SHA:603530) net profit attributable to shareholders in the first half climbed 34% to 214.8 million yuan from 160.3 million yuan in the prior year, according to a Shanghai bourse filing on Thursday.Earnings per share jumped 37% year on year to 0.52 yuan from 0.38 yuan.Operating revenue increased 27% to 894.5 million yuan from 704.5 million yuan a year earlier.The Chinese power system substations manufacturer's shares dropped 3% during the midday trade.

SHA:603530
Asia

Jiangsu Shemar Electric Completes Projects Funded by 2021 Private Placement

Jiangsu Shemar Electric (SHA:603530) completed the projects funded by a 2021 private placement of shares, according to a Wednesday filing with the Shanghai bourse.The company raised 424 million yuan from the sale, which funded the transmission and transformation composite external insulation product renovation and expansion, as well as its digital factory construction project.The company's 19 million yuan of unspent funds from the placement will be reallocated for working capital.

SHA:603530
Asia

Jiangsu Shemar Electric Adding 19 Million in Surplus Funds to Working Capital; Shares Down 4%

Jiangsu Shemar Electric (SHA:603530) is funneling 19.0 million yuan in surplus funds to add to working capital following cost optimization and cash management returns.The funds stem from the closing of a renovation and expansion project and a factory construction project, according to a Wednesday filing with the Shanghai bourse.Shares of the power grid equipment/insulation manufacturer fell 4% in recent trade.

SHA:603530
Asia

Shemar Electric's 2025 Profit Jumps 39%, Revenue Rises 28%

Jiangsu Shemar Electric's (SHA:603530) net profit attributable to shareholders in 2025 jumped 39% to 431.7 million yuan from 310.7 million yuan a year earlier, according to a Shanghai bourse on Friday.Earnings per share climbed 40% year on year to 1.02 yuan from 0.73 yuan.Operating revenue rose 28% to 1.72 billion yuan from 1.34 billion yuan in the previous year.The Chinese power company's shares fell less than 2% during the morning trade.

SHA:603530

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