2 stories mentioning SHE:301656Updated 1h ago
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Suzhou Huichuan United Power Systems (SHE:301656) raised the budget for related-party transactions with controlling shareholder Shenzhen Inovance Technology to 473.6 million yuan from 229.6 million yuan, according to a Tuesday filing with the Shenzhen bourse.The increase is driven by electric drive system sales, the filing said.
Suzhou Huichuan United Power Systems (SHE:301656) swung to an attributable loss of 88.1 million yuan in the first half from an attributable profit of 549 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen Stock Exchange.The electric vehicle component company logged a loss per share of 0.04 yuan compared with earnings per share of 0.26 yuan in the prior-year period.Operating revenue grew 4% year over year to 9.51 billion yuan from 9.15 billion yuan.
