Times Electric is expected to return to her mother's net profit of 842 million yuan in the first half of 2022, a year -on -year increase of 21.08%.

On July 22, 2022, Times Electric (688187.SH/03898.HK) issued a preview of the semi -annual performance of 2022.

From January 1, 2022 to June 30, 2022, it is expected that the company to realize the net profit of the owner of the parent company 842 million yuan, an increase of 147 million yuan over the same period last year, and a year -on -year increase of 21.08%.

It is estimated that the company's net profit to deduct non -recurring profit and loss of non -recurring profit and loss to the parent company owner in the semi -annual 2022 year, an increase of 115 million yuan from the same period last year, and a year -on -year increase of 23.27%.

According to disclosure, the company's net profit attributable to the owner of the parent company last year was 695 million yuan, and the net profit of 492 million yuan in deducting non -recurring profit and loss of the owner of the parent company was 492 million yuan.

The company stated that the main reason why the net profit attributable to the owner of the parent company in semi -annual year is expected to increase by 21.08%year -on -year. Effective; on the other hand, the company's current surplus funds are further abundant compared with the same period of the previous year, and fund management income increased year -on -year.

The main reason for the company's semi -annual to deduct non -recurring profit or loss of non -recurring profit and loss is 23.27%of the year -on -year increase is: benefiting favorable factors such as income growth, and the corresponding increase in the profit of the daily business activities generated accordingly.

As of the time, Time Electric H shares fell 4.54%to HK $ 35.75, and A shares fell 5.64%to 59.44 yuan.

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