Shanghai Electric: Expected to lose 8.9 billion to 10.3 billion yuan in 2021_ Securities Times

Securities Times e Company News, Shanghai Electric announced on the evening of January 28 that the company expects that the net profit attributable to shareholders of listed companies in 2021 will be RMB -8.9 billion to -10.3 billion. The main reasons for the expected loss in performance: 1. Provision of relevant losses for the risk events of Shanghai Electric Communication Technology Co., Ltd.; 2. The increase in operating costs of overseas projects; 3. The rise in costs due to fluctuations in raw material prices; Significant losses; 5. Provision for credit impairment losses on assets held by some subsidiaries and related to Evergrande Group; 6. Provision for goodwill impairment for some subsidiaries.