Heavy Electrical Equipment
Northeast Electric Development Co Ltd <0042.HK><000585.SZ> :Says it swings to net loss of 99.5 million yuan ($14.48 million) in 2016 versus net profit of 4.9 million yuan year ago.
Dongfang Electric Corp Ltd <600875.SS> :Says it will pay no annual dividend for FY 2016.
Bharat Heavy Electricals Ltd
Dongfang Electric Corp Ltd <600875.SS> : Total operating revenue of company in 2016 amounted to rmb33.286 billion, representing a decrease of 7.59% . Fy net profit attributable to shareholders of company in 2016 amounted to rmb 1,784 million, representing a decrease of 506.38% . Board proposes not to distribute any dividend or profit for year 2016 .Has planned to achieve annual output of power generation equipment of 28 million kw and maintain stable operating revenue in 2017.
Dongfang Electric Corp Ltd <600875.SS> :Says it swings to net loss of 1.8 billion yuan ($261.48 million) in 2016 versus net profit of 439.1 million yuan year ago.
XJ Electric Co Ltd <000400.SZ> :Says 2016 net profit up 20.6 percent y/y at 868.9 million yuan ($126.22 million).
Boer Power Holdings Ltd <1685.HK>- : Expects to record a substantial loss for year ended 31 December 2016 .Expected results attributed to co's provision for bad debts of trade receivables, loans to customers, retention receivables and bills receivables during 2016.
Seiko Electric Co Ltd <6653.FU>: Says it plans to acquire 100 percent stake in TRYTEC CO., LTD. for 525 million yen(advisory fee included) .Says effective April 17.
Guodian Nanjing Automation Co Ltd <600268.SS> :Says General Manager Ying Guangwei resigns due to change in job role.