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Heavy Electrical Equipment

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Jilin Jinguan Electric says merger in units

Thursday, 9 Nov 2017 02:38am EST

Nov 9(Reuters) - Jilin Jinguan Electric Co Ltd <300510.SZ>:Says co's Nanjing-based automation equipment unit will merge with two wholly owned car charging service units.Says the two car charging service units will be dissolved after merger.

Jiangsu Yabaite Technology sees FY 2017 net profit to up 30 pct to 80 pct

Monday, 30 Oct 2017 03:13am EDT

Oct 30 (Reuters) - Jiangsu Yabaite Technology Co Ltd <002323.SZ> ::Sees FY 2017 net profit to increase by 30 percent to 80 percent, or to be 313.2 million yuan to 433.6 million yuan.Says FY 2016 net profit was 240.9 million yuan.Says increase in business volume, projects amount as well as construction quantity as main reasons for the forecast.

Zhefu Holding Group sees FY 2017 net profit to up 30 pct to 70 pct

Thursday, 26 Oct 2017 10:45pm EDT

Oct 27 (Reuters) - Zhefu Holding Group Co Ltd <002266.SZ> ::Sees FY 2017 net profit to increase by 30 percent to 70 percent, or to be 83.6 million yuan to 109.4 million yuan.Says FY 2016 net profit was 64.3 million yuan.Says increased investment revenue and sales from main business as main reasons for the forecast.

ABB CEO says company well positioned to take part in $500b Saudi mega city project

Thursday, 26 Oct 2017 02:10am EDT

Oct 26 (Reuters) - Abb Ltd :ABB CEO says confident that ambition to accelerate growth will pay off in 2018.ABB CEO says company has been better dealing with raw materials price increases.ABB CEO says sees opportunity to increase margins in robotics business.ABB CEO says expects to improve business in saudi arabia, will do best to participate in $500b mega city project.

Baoding Tianwei Baobian Electric to liquidate and dissolve unit

Monday, 16 Oct 2017 07:24am EDT

Oct 16(Reuters) - Baoding Tianwei Baobian Electric Co Ltd <600550.SS>:Says it plans to liquidate and dissolve Baoding-based unit, which is mainly engaged in sales, maintenance and related technical consulting service of transformer and electrical equipment.

Jilin Jinguan Electric sees Q1 to Q3 of FY 2017 net profit up 101 pct to 123.3 pct

Friday, 13 Oct 2017 05:53am EDT

Oct 13 (Reuters) - Jilin Jinguan Electric Co Ltd <300510.SZ>:Sees net profit for FY 2017 Q1 to Q3 to increase 101 percent to 123.3 percent, or to be 63 million yuan to 70 million yuan .Says the net profit of FY 2016 Q1 to Q3 was 31.4 million yuan.Comments that inclusion of new company and stable business model as the main reasons for the forecast.

Qingdao TGOOD Electric sees Q1 to Q3 of FY 2017 net profit could rise up to 15 pct

Friday, 13 Oct 2017 01:42am EDT

Oct 13 (Reuters) - Qingdao TGOOD Electric Co Ltd <300001.SZ>:Sees Q1 to Q3 of FY 2017 net profit could rise up to 15 percent, or to be 126.6 million yuan to 145.5 million yuan .Says the net profit of FY 2016 Q1 to Q3 was 126.6 million yuan.Comments that increased business income as the main reason for the forecast.

CAPSTONE FURTHER LOWERS QUARTERLY OPERATING EXPENSE TARGET TO $5 MLN PER QUARTER

Tuesday, 10 Oct 2017 08:30am EDT

Oct 10 (Reuters) - Capstone Turbine Corp ::CAPSTONE FURTHER LOWERS ITS QUARTERLY OPERATING EXPENSE TARGET ON ENGINEERING RESTRUCTURING.CAPSTONE TURBINE SAYS ‍FURTHER LOWERING QUARTERLY OPERATING EXPENSE TARGET FROM $5.5 MILLION PER QUARTER TO $5.0 MILLION PER QUARTER​.CAPSTONE TURBINE - ‍NEW RESTRUCTURING PLACES ALL OF CO'S ENGINEERING ASSETS INTO 1 NEW TECHNICAL SOLUTIONS GROUP REPORTING DIRECTLY TO CO'S CEO DARREN JAMISON​.CAPSTONE TURBINE CORP - CO INITIALLY REDUCED ITS QUARTERLY OPERATING EXPENSES FROM $10.5 MILLION IN Q1 OF FISCAL 2016 TO $6.1 MILLION IN Q3 OF FISCAL 2017​.CAPSTONE TURBINE - ‍NEW ENGINEERING RESTRUCTURING & OTHER COST REDUCTION ACTIVITIES FURTHER REDUCE OPERATING EXPENSES BY APPROXIMATELY $500,000 A QUARTER​.

Siemens, Alstom says rail merger EPS accretive after 2 years

Wednesday, 27 Sep 2017 01:56am EDT

Sept 27 (Reuters) - Siemens , Alstom say in analyst presentation:Rail merger cash-neutral for Siemens .See rail merger EPS accretive after 2 years post closing .Siemens to transfer pension underfunding, project related financing.See merged rail business with double-digit margins by FY 2020 .See combined rail revenues over 20 billion eur by 2023 .See adjusted EBIT margin of 11-14 percent by 2023, compared to 8 percent in 2016.

Anhui Shengyun Environment-Protection to sell stake in five firms, shareholder to add holdings

Tuesday, 26 Sep 2017 04:51am EDT

Sept 26 (Reuters) - Anhui Shengyun Environment-Protection Group Co Ltd 300090.SZ>:Says controlling shareholder plans to buy up to 1.0 billion yuan ($150.88 million) worth of shares in the company before Jan 17, 2018.Says it plans to sell up to 85 percent stake in five green power firms valued at no more than 750 million yuan.

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