SHA:603530

3 stories mentioning SHA:603530Updated 35d ago

Every FINWIRES story that references SHA:603530, newest first.

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

Asia35d ago

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

Asia111d ago

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.

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