China's Sieyuan Electric hits record on quarterly profit growth

About this update from Sieyuan Electric Co., Ltd. Class A

** Shares of Sieyuan Electric SZSE:002028 jump nearly 9% to 124.5 yuan, their highest level since debut in August 2004** Stock set for biggest one-day pct gain since September 1** Chinese power transmission and distribution equipment maker said its Q3 net profit jumped 48.7% Y/Y** That accelerated from net profit growth of 45.7% in H1 and a 22.9% growth in Q1 ** YTD, stock up 70.2%, benchmark CSI 300 Index SZSE:399300 up 17.2%

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