Shanghai Electric (601727.SH) has increased ahead of schedule. Net profit due to mother is expected to be 920 million yuan to 1 billion yuan for the half year, an increase of 12% to 22% over the previous year

According to Zhitong Finance App News, Shanghai Electric (601727.SH) released its 2026 semi-annual performance forecast. The company expects net profit attributable to parent company owners for the 2026 semi-year to be 920 million yuan to 1 billion yuan, an increase of about 12% to 22% over the previous year.

The company's semi-annual profit growth in 2026 was mainly due to improvements in operations in some core business segments, as well as confirmed government subsidies and non-recurring revenue generated by the disposal of shares in some subsidiaries, which together provided positive support for the profit level and promoted the increase in the company's net profit attributable to owners of the parent company compared to the same period last year.