FilingReader Intelligence

Shanghai Electric's 2024 profit surges despite dividend halt

March 28, 2025 at 05:14 PM UTC•By FilingReader AI

Shanghai Electric Group (HKEX: 2727) announced a 1.2% increase in revenue to RMB 116.186 billion for the year ended December 31, 2024, alongside a substantial increase in profits attributable to owners of the Company, reaching RMB 752 million. Basic profit per share rose to RMB 0.048 yuan. Despite these gains, the Board has proposed not to declare a final dividend for 2024.

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