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Express News | Market Review: The STAR 50 Index rebounded from its lows to rise over 3%. The electric power and semiconductor industries witnessed strong performance across the board.
Shanghai Electric (600835.SH): Cumulative repurchase of 12,501,500 B-share company shares.
Gelonghui, May 6th丨Shanghai Electric (600835.SH) announced that as of April 30, 2026, the company had cumulatively repurchased 12,501,500 B-shares through centralized bidding. These shares account for 1.2224% of the company’s total share capital. The highest purchase price was $1.630 per share, and the lowest was $1.299 per share. The total amount paid was $19,177,198.89 (excluding transaction fees).
Shanghai Mechanical & Electrical 2026 First Quarter Report
Shanghai Meelect (600835.SH) released its Q1 financial results, reporting net profits attributable to shareholders of 178 million yuan, representing a year-on-year decrease of 12.32%.
Shanghai Meelect (600835.SH) released its first-quarter report for 2026. In the first quarter, the company achieved operating revenue of 4.259 billion yuan, representing a year-on-year increase of 1.13%. Net profit attributable to shareholders of the listed company was 178 million yuan, marking a year-on-year decrease of 12.32%. Net profit attributable to shareholders of the listed company excluding non-recurring gains and losses was 170 million yuan, reflecting a year-on-year decline of 10.10%.
Shanghai Mechanical & Electrical (600835.SH): Has cumulatively repurchased 1.0684% of B shares.
Shanghai Meelect (600835.SH) announced that, as of March 31, 2026, the company has cumulatively repurchased 10,926,438 B-shares through centralized competitive bidding. These shares account for 1.0684% of the company's total share capital. The highest purchase price was $1.630 per share, and the lowest price was $1.299 per share. The total amount paid was $17,013,997.97 (excluding transaction fees).
Summary of Shanghai Electric Machinery\'s 2025 Annual Report