On June 25, Shanghai Electric fell 3.13% in regular trading, trading at HK$3.4/share, with turnover of HK$51.84 million.
On the news front, the company previously announced that its subsidiary Yinghe Technology plans to acquire 100% equity of Anghua Automation from its controlling shareholder for RMB 204 million, constituting a related-party transaction. The target company reported net profit of only RMB 16.11 million, reflecting weak profitability, with the market continuing to question the pricing rationality. Additionally, the company carries a debt-to-asset ratio of 75.5%, with over 80% of net profit attributable to parent relying on non-recurring items. Deducted non-recurring net profit has remained negative for multiple consecutive years, while operating cash flow declined over 40% year-on-year, underscoring persistent fundamental headwinds.
The Heavy Electrical Equipment sector broadly weakened in tandem, with Goldwind down 5.03%, Harbin Electric down 2.10%, Guoxia Tech down 2.05%, and Dongfang Electric down 1.82%, amplifying sector-wide adjustment pressure.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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