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Hangzhou Zhongheng Electric sees H1 2017 net profit down 20-40 pct

1:48am EDT

April 28 (Reuters) - Hangzhou Zhongheng Electric Co Ltd <002364.SZ>: :* Sees net profit for H1 2017 to decrease by 20 percent to 40 percent, or to be 58.9 million yuan to 78.6 million yuan, compared to net profit of the same period in 2016 (98.2 million yuan).* Comments that seasonal impacting and increased costs are the main reasons for the forecast.

Changjiang Runfa Machinery plans new unit in Suzhou

1:07am EDT

April 28(Reuters) - Changjiang Runfa Machinery Co Ltd <002435.SZ>:Says its unit will invest 20 million yuan to set up a new unit in Suzhou.New unit will be engaged in pharmaceutical R & D and sale.

Shanghai Zhixin Electric to pay cash div 1.5 yuan per 10 shares for FY 2016

Thursday, 27 Apr 2017 11:59pm EDT

April 28 (Reuters) - Shanghai Zhixin Electric Co Ltd <600517.SS> ::* Says it plans to pay cash div 1.5 yuan per 10 shares for FY 2016.

Beijing Sifang Automation to pay FY 2016 annual div on May 5

Thursday, 27 Apr 2017 11:05pm EDT

April 28(Reuters) - Beijing Sifang Automation Co Ltd <601126.SS> ::* Says it will pay cash dividend of 0.178 yuan per 10 shares (before tax) to shareholders of record on May 4, for FY 2016.* The company's shares will be traded ex-right and ex-dividend on May 5 and the dividend will be paid on May 5 .

XiAn Shaangu Power's unit scraps gas power generation related project

Thursday, 27 Apr 2017 09:08pm EDT

April 28 (Reuters) - XiAn Shaangu Power Co Ltd <601369.SS>:Says its unit scraps gas power generation related project worth 545 million yuan ($79.03 million) due to government's policy regulations.

DBT H1 EBITDA loss of 1.4 million euros

Thursday, 27 Apr 2017 01:30pm EDT

April 27 (Reuters) - DBT SA ::H1 EBITDA loss of 1.4 million euros ($1.52 million) versus loss of 1.5 million euros year ago.H1 net loss of 1.3 million euros versus loss of 1.7 million euros year ago.H1 revenue 5.2 million euros versus 5.4 million euros year ago.

2G Energy FY EBIT up in line by 18 pct to EUR 5.6 million

Thursday, 27 Apr 2017 07:15am EDT

April 27 (Reuters) - 2G Energy AG <2GBG.DE>::FY 2016 net sales grow 14 percent to 174.3 million euros ($189.93 million) (previous year: 152.9 million euros).FY EBIT up in line by 18 percent to 5.6 million euros (previous year: eur 4.8 million).2017 guidance: net sales of 160 million to 180 million euros, EBIT margin 3-5 percent.Order book position for CHP Systems stood at 106.0 million euros as of March 31, 2017 (previous year: 86.9 million euros).

Finland's Kone posts Q1 profit, orders slightly below market expectations

Thursday, 27 Apr 2017 05:30am EDT

April 27 (Reuters) - Kone Oyj :Q1 EBIT 217.7 million euros ($237 million) versus a market forecast of 219 million euros in a Reuters poll nL8N1HU0B1.Q1 order intake 1.91 million euros versus 1.95 billion in poll.Kone updated its full-year guidance, saying 2017 operating income is now expected to be in the range of 1,200-1,290 million euros.2017 net sales is now estimated to grow by 0-3 percent at comparable exchange rates.Says in China, Q1 order volumes were stable year-on-year and prices started to stabilize.Sees Chinese new equipment market in 2017 falling by 0-5 percent in units.Says in 2017, rest of Asia-Pacific market is expected to grow; North America, Europe, Middle East and Africa region expected to grow slightly.

IFE Elevators sees H1 FY 2017 net profit down 17.9 pct to up 18.8 pct

Thursday, 27 Apr 2017 04:40am EDT

April 27(Reuters) - IFE Elevators Co Ltd <002774.SZ> ::* Sees H1 FY 2017 net profit to decrease by 17.9 percent to increased by 18.8 percent, or to be 38 million yuan to 55 million yuan.* Says H1 FY 2016 net profit was 46.3 million yuan.* The reason for the forecast is stable market environment .

Ceepower unit plans new energy unit in Hubei for photovoltaic power generation project

Thursday, 27 Apr 2017 04:24am EDT

April 27 (Reuters) - Ceepower Co Ltd <300062.SZ> ::* Says its unit plans to set up a wholly owned new energy subsidiary in Hubei for photovoltaic power generation project.

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