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BRIEF-Xiangtan Electric Manufacturing Returns To Net Profit In 2020

· 03/16/2021 06:17
BRIEF-Xiangtan Electric Manufacturing Returns To Net Profit In 2020

- Xiangtan Electric Manufacturing Co Ltd 600416.SS:

  • SAYS IT RETURNS TO NET PROFIT OF 75.3 MILLION YUAN IN 2020 VERSUS NET LOSS OF 1.6 BILLION YUAN ($246.17 million) YEAR EARLIER

  • SAYS IT APPLIES TO THE SHANGHAI STOCK EXCHANGE TO REMOVE DELISTING RISK WARNING AS IT HAS RETURNED TO NET PROFIT IN 2020

Source text in Chinese: https://bit.ly/30OLQri ; https://bit.ly/3bQFuht

Further company coverage: 600416.SS


($1 = 6.4996 Chinese yuan renminbi)


(Reporting by Hong Kong newsroom)

((meg.shen@thomsonreuters.com; 852-39525805;))