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Shanghai Electric Group Company ( (HK:2727) ) has shared an announcement.
Shanghai Electric Group announced an estimated net profit increase for the year 2024, with projections indicating significant growth compared to the previous year. This improvement is attributed to enhanced operational efficiencies, such as increased gross profit margins and optimized debt structures, which led to reduced finance costs and better cash flow management.
More about Shanghai Electric Group Company
Shanghai Electric Group Company Limited is a joint stock limited company incorporated in China, operating primarily in the electrical equipment manufacturing industry. The company focuses on producing a range of electrical products and services, including power generation equipment and industrial automation solutions.
YTD Price Performance: 1.19%
Average Trading Volume: 291,936
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.23B
See more insights into 2727 stock on TipRanks’ Stock Analysis page.
