Shanghai Electric posts RMB 166.74 million Q1 profit hit from impairment provisions

PUBT·04/29/2026 13:28:50

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Shanghai Electric booked RMB 166.74 million in impairment-related charges in Q1 2026, cutting profit before tax by that amount.
Credit impairment losses totaled RMB 109.47 million, driven mainly by bad debt provisions on accounts receivable.
Asset impairment losses reached RMB 57.27 million, led by contract asset impairments and inventory write-downs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Electric Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260429-12136495), on April 29, 2026, and is solely responsible for the information contained therein.

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