9 stories mentioning SHE:002028Updated 22d ago
Every FINWIRES story that references SHE:002028, newest first.
Sieyuan Electric (SHE:002028) will transfer its entire stake in subsidiary Sieyuan Energy Technology to Sieyuan Qingneng Electric & Electronic for 500 million yuan, according to a Tuesday filing with the Shenzhen Stock Exchange.The restructuring aims to boost asset and resource allocation and enhance management efficiency, reduce costs, and improve market competitiveness, the filing said.
Power transmission and distribution equipment company Sieyuan Electric (SHE:002028) will invest 370 million yuan to build a production and office building at its existing site in Shanghai.The project includes a multi-functional building integrating manufacturing and office spaces along with supporting facilities, according to a Tuesday filing with the Shenzhen bourse.Construction is slated for completion in 2027.
Sieyuan Electric's (SHE:002028) attributable profit rose 13% to 1.46 billion yuan in the first half from 1.29 billion yuan in the year-ago period, according to its final earnings report filed Saturday with the Shenzhen Stock Exchange.Earnings per share at the power transmission and distribution equipment company increased to 1.85 yuan from 1.66 yuan in the prior-year period.The final figures were lower than the company's early estimate of 1.49 billion yuan in attributable profit and 1.90 yuan in EPS.Operating revenue grew 27% year over year to 10.8 billion yuan, in line with the company's early estimate issued in July.Sieyuan's shares jumped 10% late Monday morning in Shenzhen.
Sieyuan Electric (SHE:002028) will inject 400 million yuan in additional capital into subsidiary Jiangsu Sieyuan New Energy Technology, according to a Wednesday disclosure to the Shenzhen Stock Exchange.Following the capital increase, the registered capital of the subsidiary will rise to 600 million yuan from 200 million yuan.Shares rose 4% during the midday break on Wednesday.
Sieyuan Electric (SHE:002028) attributable profit rose 15% to 1.49 billion yuan in the first half from 1.29 billion yuan in the year-ago period, according to a Saturday filing with the Shanghai/Shenzhen bourse.Earnings per share at the power transmission and distribution equipment company increased 14% to 1.90 yuan from 1.66 yuan in the previous year.Total operating revenue grew 27% year over year to 10.8 billion yuan from 8.50 billion yuan.Shares rose 4% during afternoon trading on Monday.
Sieyuan Electric (SHE:002028) subsidiary Changzhou Sieyuan Toshiba Transformer completed the registration for its change of equity ownership after Japan's Toshiba exercised its right to buy back part of the company, according to a Friday filing with the Shenzhen bourse.Following the change, Sieyuan Electric's stake fell to 70% from 90%, while Toshiba's stake rose to 28.82% from 8.82%.Sieyuan purchased a 90% stake in Sieyuan Toshiba Transformer from Toshiba, Kitashiba Electric, Toshiba Industrial Products Systems, and Toshiba China for a nominal fee of 400 yuan.Shares in Sieyuan fell 3% during the midday break on Friday.
Sieyuan Electric (SHE:002028) approved subsidiary Sieyuan Special Transformer's 480 million-yuan investment to expand transformer product production capacity.The investment involves acquiring project land use rights and building workshops for the production, assembly and turnover storage of transformer-related products, according to a Wednesday filing with the Shenzhen bourse.Shares of the power transmission and distribution equipment manufacturer rose 7% in recent trade.
Sieyuan Electric's (SHE:002028) unit, Jiangsu Rugao High Voltage Electrical Appliance, plans to invest 600 million yuan for its expansion and construction, according to a Thursday disclosure on the Shenzhen bourse.The funds will be used for Rugao High Voltage's production and business activities, as well as for the acquisition of land that will serve as its site.The power transmission and distribution equipment manufacturer's shares rose 1% during the morning trade.
Sieyuan Electric's (SHE:002028) net profit attributable to shareholders in the first quarter rose 23% year on year to almost 550 million yuan, or 0.70 yuan per share, according to a Shenzhen bourse filing on Saturday.The power transmission and distribution equipment manufacturer's shares dropped 6% during Monday's morning trade.The attributable profit a year earlier was 446.5 million yuan, or 0.57 yuan per share.Operating revenue climbed 42% to 4.57 billion yuan from 3.23 billion yuan in the previous year.
