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Shanghai Electric 2024 Semi-Annual Report
Summary of Shanghai Electric\'s 2024 Semi-Annual Report
shanghai electric group (02727.HK) first-half shareholder's profit attributable to equity holders increased by 0.602 billion yuan, up 2.0% year-on-year.
On August 30, GeLongHui announced that Shanghai Electric Group (02727.HK) had a total operating income of RMB 49.869 billion in the first half of 2024, a decrease of 6.0% compared to the same period last year. The shareholder's profit for the first half of 2024 was RMB 0.602 billion, an increase of 2.0% compared to the same period last year. The basic earnings per share for the first half of 2024 was RMB 0.039, an increase of 2.6% compared to the same period last year. The new orders in the first half of 2024 amounted to RMB 83.66 billion. The board of directors did not propose the distribution of interim dividends during this reporting period.
Shanghai Electric Group (02727.HK) recorded a provision for impairment in the first half of the year, with a net impact on the company's pre-tax profit of 0.8 billion yuan.
On August 30, Shanghai Electric Group (02727.HK) announced that in order to objectively and fairly reflect the company's financial and business situation in the first half of 2024, the company conducted impairment testing on various types of assets as of June 30, 2024 in accordance with the relevant provisions of the Enterprise Accounting Standards. Provision for impairment was made for assets with impairment signs. In the first half of 2024, the company made a provision for credit impairment losses of RMB 930.31 million, with a reversal amount of RMB 536.22 million; and made a provision for asset impairment losses of RMB 660.88 million, with a reversal amount of
shanghai electric group (02727) booked a provision for impairment in the first half of the year, with a net impact on the company's pre-tax profit for the period of 0.801 billion yuan.
Shanghai Electric Group (02727) has announced a notice to objectively and fairly reflect the company's financial condition for the first half of 2024...
Shanghai Electric Reports Mixed 2024 Interim Results
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