Shanghai Electric: net profit in the first quarter increased by 2802% compared with the same period last year.

[Shanghai Electric: first quarter net profit increased 2802% compared with the same period last year] Shanghai Electric disclosed its first-quarter net profit of 367 million yuan, an increase of 2802.32% over the same period last year, and basic earnings per share of 0.02 yuan. During the reporting period, through strengthening cost control, the gross profit margin of some subordinate enterprises increased compared with the same period last year; at the same time, thanks to the economic recovery, the investment income and fair value change income of the current period increased compared with the same period last year.