State Grid Yingda Estimates Up to 75% Rise in 2025 Profit
MT Newswires Live01-28
State Grid Yingda (SHA:600517) forecasts 2025 attributable net profit to range between 2.30 billion yuan and 2.75 billion yuan, compared with 1.57 billion yuan the previous year.
The company attributed the profit growth of between 46% and 75% to steady core business growth and higher investment income and gains, according to a Wednesday filing with the Shanghai bourse.
Also, State Grid Yingda estimated impairment provisions of 175.7 million yuan in 2025, according to a separate filing.
Shares of the electric equipment manufacturer rose 2% in recent trade.
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