Suzhou Huichuan United Power Systems Swings to Loss in H1

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Suzhou Huichuan United Power Systems (SHE:301656) swung to an attributable loss of 88.1 million yuan in the first half from an attributable profit of 549 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen Stock Exchange.

The electric vehicle component company logged a loss per share of 0.04 yuan compared with earnings per share of 0.26 yuan in the prior-year period.

Operating revenue grew 4% year over year to 9.51 billion yuan from 9.15 billion yuan.

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