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Shanghai Electric Group Company ( (HK:2727) ) just unveiled an update.
Shanghai Electric Group Company Limited announced a provision for impairment for the first half of 2025, reflecting a net decrease of RMB944.20 million in profit before taxation. This provision includes credit impairment losses and asset impairment losses, which were assessed based on expected credit losses and asset valuation standards. The announcement highlights the company’s efforts to maintain transparency and accuracy in financial reporting, which may impact its financial performance and stakeholder confidence.
The most recent analyst rating on (HK:2727) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shanghai Electric Group Company stock, see the HK:2727 Stock Forecast page.
More about Shanghai Electric Group Company
Shanghai Electric Group Company Limited is a major player in the industrial manufacturing sector, primarily focusing on the production of power generation equipment, electrical equipment, and industrial automation products. The company operates with a significant market presence in China and is involved in various international projects, emphasizing innovation and sustainability in its offerings.
Average Trading Volume: 58,752,746
Technical Sentiment Signal: Buy
Current Market Cap: HK$133.6B
See more insights into 2727 stock on TipRanks’ Stock Analysis page.