Sieyuan Electric Co., Ltd. Class ASZSE: 002028

Sieyuan Electric: Net profit up 26.64% to ¥887M on 16.27% revenue growth and margin expansion

· Issued by Sieyuan Electric Co., Ltd. Class A

H1 2024 revenue rose 16.27% to ¥6.17B and net profit grew 26.64% to ¥887M, with strong overseas and coil product growth, improved margins, and robust R&D investment. Risks include FX, raw materials, and overseas operations.

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