The sharp decline in investment returns is also an issue that needs to be focused on. This revenue declined by 78.5% in the first half of the year. This is mainly due to the joint venture between Radio, Television and GE (Shanghai General Electric Radio and Television, Shanghai General Electric Switch Co., Ltd.). The two subsidiaries originally provided supporting converters for GE Wind Energy. However, GE's wind energy business has faced a global recession in recent years, compounded by the impact of the RMB exchange rate problem, which has directly led to a decline in the equity investment income of Radio and Television in the two subsidiaries. We believe that the adverse factors affecting investment returns are also difficult to change in the short term, and there is a possibility that the data will continue to decline.
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【长江证券】广电电气:电力电子向好难掩总体业绩下滑
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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