Shanghai Mechanical & Electrical Industry Co., Ltd. reported earnings results for the first quarter of 2014. For the quarter, the company reported operating revenue of about CNY 4.13 billion, up 6.42% year on year. Net profit attributable to shareholders hiked 94.79% to about CNY 171.43 million.

Basic EPS was CNY 0.17, compared to CNY 0.086 a year earlier. Weighted average return on net assets was 2.93%.