Shanghai Electric Group (HKG:2727, SHA:601727) recorded a net profit attributable to shareholders of 156.6 million yuan or 0.010 yuan per share in the third quarter of the year, dropping 32% from the preceding year, according to a Hong Kong Stock Exchange filing on Wednesday.
The Chinese power generation and electrical equipment manufacturer earned revenue worth 26.5 billion yuan, rising 5.7% from a year earlier, the filing said.
The company's Shanghai shares soared 10% and Hong Kong shares jumped over 5% in recent trade.
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