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Chongqing Machinery & Electric Co. Ltd. Class H ( (HK:2722) ) has shared an update.
Chongqing Machinery & Electric Co., Ltd. has issued a positive profit alert, projecting a 50% increase in net profit for the first half of 2025 compared to the same period in 2024. This growth is attributed to improved lean management in its hydropower equipment sector and increased investment income from its high-horsepower engine and ultra-high voltage power transmission businesses. The announcement is based on preliminary unaudited financial data, and stakeholders are advised to exercise caution.
More about Chongqing Machinery & Electric Co. Ltd. Class H
Chongqing Machinery & Electric Co., Ltd. is a joint stock limited company based in the People’s Republic of China, operating in the machinery and electric industry. The company focuses on hydropower equipment, high-horsepower engines, and ultra-high voltage power transmission and substation businesses.
YTD Price Performance: 105.77%
Average Trading Volume: 17,898,288
Technical Sentiment Signal: Buy
Current Market Cap: HK$5.78B
For a thorough assessment of 2722 stock, go to TipRanks’ Stock Analysis page.