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China XD Electric swings to loss in H1

Aug. 24, 2012 (China Knowledge) - China XD Electric Co<601179>, a high-voltage electricity transmission equipment producer based in Xi'an, Shaanxi Province, has announced its net loss attributable to shareholders reached RMB 155.36 million in the first half of this year, compared with a net profit of RMB 35.95 million it realized in the same period of last year.

Basic loss per share for the period was RMB 0.04, while its basic earnings per share for the first half of 2011 were RMB 0.01.

From January to July 2012, the Shanghai listed company saw its operation revenue rose 5.79% YoY to RMB 5.38 billion.

In the first quarter of this year, China XD Electric earned RMB 2.03 billion in operation revenue, while its net loss for the three months period were RMB 168.31 million.

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