HK Stock Market Move | Shanghai Electric Group (02727) surges more than 6%, expecting a year-on-year increase in net profit attributable to shareholders of approximately 47% to 76% in 2025.

Shanghai Electric Group (02727) rose more than 6%, as of the time of writing, it rose by 4.72% to HKD 4.65, with a turnover of HKD 75.3259 million. On the news front, on January 21, Shanghai Electric Group announced its forecast for the net profit attributable to the parent company's owner for the year 2025 to be between RMB 1.1 billion and RMB 1.32 billion, an increase of RMB 350 million to RMB 570 million compared to the same period last year, representing a year-on-year increase of about 47% to 76%. It is expected that the net profit attributable to the parent company's owner after deducting non-recurring gains and losses for the year 2025 will be between RMB 200 million and RMB 240 million, an increase of RMB 820 million to RMB 860 million compared to the same period last year. According to preliminary calculations, the main reasons for the increase in the net profit attributable to the parent company's owner in 2025 compared to the same period last year are as follows: during the reporting period, the company continued to focus on its main responsibilities and core business, deepening its operations. The core business maintained steady growth, with both operating income and profit increasing year-on-year, and the net profit attributable to the parent company's owner after deducting non-recurring gains and losses turning from loss to profit compared to the same period last year.