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C TRANSMISSION: ANNOUNCEMENT OF UNAUDITED INTERIM RESULTSFOR THE SIX MONTHS ENDED 30 JUNE 2024
CICC: Global grid investment has resilience, reiterating long-term opportunities for going global.
China International Capital Corporation has released research reports indicating that global grid investments have resilience, and going overseas remains an important driving force for high-quality enterprises to achieve growth, reaffirming the recommendation for power equipment going overseas.
Zhitong Hong Kong shares early to know | NDRC: promote the renovation of hydropower equipment and thermal power equipment. Two departments: Encourage the overall transformation of old substations and transmission lines.
Two departments issued a notice on the "Implementation Plan for Large-scale Equipment Renewal in Key Energy Areas".
China High Speed Transmission Equipment Expects Loss in H1; Stocks Slide by 3%
China High Speed Transmission Equipment 1H 2023 Net Was CNY209.2M >0658.HK
China Transmission (00658.HK): Expected mid-term loss not exceeding 0.53 billion yuan.
China High Speed Transmission (00658.HK) announced on August 21 that for the six months ending on June 30, 2024, the net profit attributable to owners of the company was approximately RMB 0.2092 billion, compared with the same period last year. The Group expects a net loss attributable to owners of the company of not more than RMB 0.53 billion for this period. The expected loss is mainly due to a decrease in profit from the gear transmission equipment business during this period compared to the same period last year, and an increase in impairment loss allowances for accounts receivable other than the gear transmission equipment business compared to the same period last year.
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