Edition:
United States

Heavy Electrical Equipment

Page 1

Shandong Luyitong Intelligent Electric completes acquisition of Guangdong electron firm via cash, share issue

12:51am EST

Jan 18 (Reuters) - Shandong Luyitong Intelligent Electric Plc <300423.SZ>:Says it completed acquisition of Guangdong-based electron firm via cash, share issue.The previous plan was disclosed on July 12, 2017 .

India's Sterlite Technologies Dec-Qtr Consol Net Profit Rises About 83 Pct

Wednesday, 17 Jan 2018 02:49am EST

Jan 17 (Reuters) - India's Sterlite Technologies Ltd ::DEC QUARTER CONSOL NET PROFIT 900.9 MILLION RUPEES VERSUS PROFIT 491.2 MILLION RUPEES YEAR AGO.DEC QUARTER CONSOL REVENUE FROM OPERATIONS 8.35 BILLION RUPEES VERSUS 7.32 BILLION RUPEES YEAR AGO.SAYS ‍APPROVED ISSUE OF NCDS WORTH UP TO 1.50 BILLION RUPEES.SAYS ‍ORDER BOOK FOR THE QUARTER 45.73 BILLION RUPEES, UP 71 PERCENT YOY.

Jiangsu Daybright Intelligent Electric sees FY 2017 net profit up 0.19 pct to 4.79 pct

Tuesday, 16 Jan 2018 10:08pm EST

Jan 17(Reuters) - Jiangsu Daybright Intelligent Electric Co Ltd <300670.SZ>:Sees FY 2017 net profit to increase by 0.19 percent to 4.79 percent, or to be 54.5 million yuan to 57 million yuan .Says FY 2016 net profit was 54.4 million yuan .

Dongfang Electronics to acquire 83.26 pct stake in electric firm for 1.81 bln yuan via cash, share issue

Tuesday, 16 Jan 2018 02:15am EST

Jan 16(Reuters) - Dongfang Electronics Co Ltd <000682.SZ>:Says it plans to acquire 83.26 percent stake in Yantai Dongfang Wisdom Electric for 1.81 billion yuan via cash, share issue.Says it will pay a cash consideration of 67.6 million yuan and issue 362.6 million shares to pay a consideration of 1.74 billion yuan in the acquisition .

Falck Renewables And Nordex Start The Year With A 115 Mw Order For Sweden

Monday, 15 Jan 2018 10:39am EST

Jan 15 (Reuters) - NORDEX SE ::DGAP-NEWS: FALCK RENEWABLES AND NORDEX START THE YEAR WITH A 115 MW ORDER FOR SWEDEN.

Harbin Jiuzhou Electrical sees FY 2017 net profit down 0.39 pct to 23.38 pct

Monday, 15 Jan 2018 02:00am EST

Jan 15(Reuters) - Harbin Jiuzhou Electrical Co Ltd <300040.SZ> : :Sees FY 2017 net profit to decrease by 0.39 percent to 23.38 percent, or to be 100 million yuan to 130 million yuan.Says FY 2016 net profit was 130.5 million yuan.The reason for the forecast is effect from project progress confirmation .

Qingdao Huijintong Power Equipment completes establishment of power engineering unit

Sunday, 14 Jan 2018 09:44pm EST

Jan 15(Reuters) - Qingdao Huijintong Power Equipment Co Ltd <603577.SS> ::Says it completes establishment of power engineering unit in Beijing city on Jan. 5 .

Elevator Maker Kone Says Q4 Sales Higher Than Expected, Sees Profit Pressures In 2018

Friday, 12 Jan 2018 02:00am EST

Jan 12 (Reuters) - Kone Oyj ::PRELIMINARY INFORMATION ON KONE'S 2017 FINANCIALS AND OUTLOOK FOR 2018: Q4 2017 SALES WAS HIGHER THAN EXPECTED, THE PRESSURE ON ADJUSTED EBIT MARGIN IS EXPECTED TO CONTINUE IN 2018.SAYS ‍2017 FULL YEAR SALES WAS HIGHER THAN EXPECTED DUE TO STRONG NEW EQUIPMENT DELIVERIES IN Q4​.SAYS ‍2017 SALES GREW BY 4.2% AT COMPARABLE EXCHANGE RATES IN 2017 AGAINST EARLIER ESTIMATED 1-3%​.SAYS ‍PRELIMINARY ADJUSTED EBIT FOR FULL YEAR 2017 WAS EUR 1,230 MILLION WHICH IS WITHIN EARLIER GIVEN OUTLOOK RANGE OF EUR 1,200-1,250 MILLION​.SAYS ‍MARGIN OF ORDERS RECEIVED STABILIZED IN Q4 2017​.SAYS ‍ADJUSTED EBIT MARGIN IS EXPECTED TO CONTINUE TO DECLINE IN 2018 AS WITNESSED IN 2017​.SAYS ‍MARGIN PRESSURE IS EXPECTED TO START TO EASE TOWARDS END OF 2018 AS A RESULT OF PRICING AND PRODUCTIVITY ACTIONS THAT HAVE BEEN TAKEN​.SAYS ‍IN 2018, KONE'S SALES IS ESTIMATED TO GROW AT AROUND A SIMILAR RATE AS IN 2017 AT COMPARABLE EXCHANGE RATES​.SAYS ‍MAIN FACTORS CONTINUING TO PRESSURE ADJUSTED EBIT MARGIN IN 2018 ARE DECREASE IN MARGIN OF ORDERS RECEIVED WITNESSED IN 2017, IN CHINA IN PARTICULAR, AND INCREASED RAW MATERIAL PRICES​.SAYS ‍FOREIGN EXCHANGE RATES ARE ESTIMATED TO HAVE AN APPROXIMATELY EUR 40 MILLION NEGATIVE IMPACT ON KONE'S EBIT IN 2018​.SAYS ‍WILL PROVIDE A MORE PRECISE BUSINESS OUTLOOK FOR 2018 IN CONNECTION TO Q1 2018 REPORT​.

Online Part Of Xuancheng Valin Precision Technology's Shanghai IPO Oversubscribed

Thursday, 11 Jan 2018 07:44am EST

Jan 11 (Reuters) - Xuancheng Valin Precision Technology Co Ltd ::XUANCHENG VALIN PRECISION TECHNOLOGY SAYS ONLINE PART OF SHANGHAI IPO ATTRACTED INTEREST AMOUNTING TO 7,718.4 TIMES AMOUNT ON OFFER.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary