Shanghai Electric Group Company Limited announced that based on the preliminary review by the financial department of the company is expected to incur a net loss attributable to shareholders of the company for 2021. The net loss attributable to shareholders of the company for 2021 is expected to be between RMB 8.9 billion to RMB 10.3 billion. The net loss attributable to shareholders of the company after deducting non-recurring gain or loss for 2021 is expected to be between RMB 10.9 billion to RMB 12.3 billion.

The net profit attributable to shareholders of the Company for 2020 was RMB 3.758 billion. The net profit attributable to shareholders of the Company after deducting non-recurring gain or loss for 2020 was RMB 1.042 billion. Basic earnings per share was RMB 0.25 per Share.