HONG KONG, Aug 1 (Reuters) - Shares in Shanghai Electric Group Co Ltd <2727.HK>, China's top power generation equipment maker, fell as much as 5.5 percent on Friday after Reuters reported that its margins will fall by as much as 3 percentage points as it grapples with rising steel prices.
But executives say they do not expect a fall in gross margins to show up on financial results until 2009, because most of the products to be delivered this year had been ordered two years ago.
Still, the company chalked up around 60 billion yuan ($9 billion) of new orders in the first half, hitting 95 percent of its full-year target, senior executives told Reuters on Thursday.
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