CHONGQING MECHANICAL AND ELECTRIC (02722) ANNOUNCED ITS RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH SALES OF APPROXIMATELY RMB8,058.5 MILLION, AN INCREASE OF APPROXIMATELY 11.8% OVER THE SAME PERIOD LAST YEAR. MAURITIUS RMB1,539.6 MILLION, UP ABOUT 7.9%. Shareholders accounted for a profit of approximately RMB303.6 million, a slight decrease of about 2.2%. Earnings per share were approximately RMB 0.08. The company said that the clean energy equipment segment achieved better growth, the wind turbine blade business achieved cross-cutting growth, and the industrial pump business continued to achieve high-quality growth. Looking ahead to 2024, the company will expand to the upstream and downstream and high end of the value chain around clean energy such as wind, nuclear, hydrogen, and expect full-year results to meet expectations.

CHONGQING MECHANICAL AND ELECTRIC (02722) ANNOUNCED ITS RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH SALES OF APPROXIMATELY RMB8,058.5 MILLION, AN INCREASE OF APPROXIMATELY 11.8% OVER THE SAME PERIOD LAST YEAR. MAURITIUS RMB1,539.6 MILLION, UP ABOUT 7.9%. Shareholders accounted for a profit of approximately RMB303.6 million, a slight decrease of about 2.2%. Earnings per share were approximately RMB 0.08. The company said that the clean energy equipment segment achieved better growth, the wind turbine blade business achieved cross-cutting growth, and the industrial pump business continued to achieve high-quality growth. Looking ahead to 2024, the company will expand to the upstream and downstream and high end of the value chain around clean energy such as wind, nuclear, hydrogen, and expect full-year results to meet expectations.