The Zhitong Finance App learned that the Shanxi installation (02520) reversed the market and rose by more than 11%, to a high of HK$2.5, a record high. As of press release, it rose 11.16% to HK$2.49, with a turnover of HK$155.496 million.
According to news, recently, the National Energy Group officially began construction of the Guizhou Puding County Monkey Farm Wind Farm construction project constructed by the Shanxi Construction Investment and Installation Group. In addition, the company recently won the bid for the EPC general contracting project for the 170MW photovoltaic power generation project in Guangdong Yuedian Zezhou. The company said that the successful bid for the project further consolidated the Group's core competitiveness in the field of new energy expertise and added new momentum to the Group's transformation and development.
According to the prospectus, Shanxi Installation is an engineering service provider headquartered in Taiyuan City, Shanxi Province, China, engaged in professional industrial engineering, professional supporting engineering, other engineering and non-engineering businesses. According to Frost & Sullivan data, in terms of revenue in 2021, Shanxi Installation ranked first among more than 500 professional industrial engineering contractors in Shanxi Province and ranked fifth among more than 10,000 professional industrial engineering contractors in China.