Shanghai Electric Group (HKG:2727, SHA:601727) profit attributable to owners in 2024 fell to 752.5 million yuan or 0.048 yuan per share, according to a March 28 disclosure with the Hong Kong Stock Exchange.

The attributable profit a year ago was 803.3 million yuan or 0.052 yuan per share.

The Chinese power generation and electrical equipment manufacturing company's total revenue during the same period rose 1.2% to 116.2 billion yuan from 114.8 billion yuan in the previous year.

No dividend was declared for the period.

Shanghai Electric's Hong Kong shares dropped over 4%, Shanghai shares fell less than 3% in recent trade.