Sieyuan Electric's (SHE:002028) net profit attributable to shareholders in the first quarter rose 23% year on year to almost 550 million yuan, or 0.70 yuan per share, according to a Shenzhen bourse filing on Saturday.
The power transmission and distribution equipment manufacturer's shares dropped 6% during Monday's morning trade.
The attributable profit a year earlier was 446.5 million yuan, or 0.57 yuan per share.
Operating revenue climbed 42% to 4.57 billion yuan from 3.23 billion yuan in the previous year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments