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FINWIRES

Baoding Tianwei Baobian Electric Q1 Profit Up 110%, Revenue Climbs 11%

-- Baoding Tianwei Baobian Electric (SHA:600550) posted first-quarter attributable net profit of 59.6 million yuan, up 110% from 28.3 million yuan the previous year.

Earnings per share rose to 0.032 yuan from 0.015 yuan, according to a filing with the Shanghai bourse.

Operating revenue climbed 11% year over year to 1.64 billion yuan from 1.48 billion yuan.

Shares of the power transformer manufacturer closed 3% lower Monday.

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