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Shanghai Electric 2024 performance advance announcement
Shanghai Electric Group Expects Up to 184% Increase in 2024 Net Attributable Profit
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Express News | Shanghai Electric Group Sees Net Profit Attributable for Year to Be Between RMB0.68 Bln to RMB0.81 Bln
Shanghai Electric Group (601727.SH): The net income for the 2024 fiscal year is expected to increase by 138% to 184%.
On January 20, Gelonghui reported that Shanghai Electric Group (601727.SH) announced a performance forecast for 2024. According to preliminary calculations by the finance department, it is estimated that the net income attributable to the shareholders of the parent company for 2024 will be between 0.68 billion yuan and 0.81 billion yuan, an increase of 138% to 184% year-on-year; the net income attributable to the shareholders of the parent company after deducting non-recurring gains and losses is expected to be between -0.62 billion yuan and -0.52 billion yuan. The primary reason for the company's performance forecast increase this period: 1. During the reporting period, the company solidified its foundation and focused on its main business, gross profit amount.
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