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Earlier last month, the Hong Kong-listed company started trading on the Shanghai bourse after privatizing unit Shanghai Power Transmission & Distribution (SHA 600627). It made the earlier projection of 2.97 bln yuan around that time.
"Since mid-December, a number of customers have requested the Group to defer delivery of certain products to 2009 due to adjustments to their production plans in response to changes in the macroeconomic environment and government policies," the company said in a statement filed with the Shanghai Stock Exchange.
The company is due to release audited full-year earning results on April 24.
A-shares of Shanghai Electric rose by the 10 pct daily limit to 6.58 yuan yesterday.
(1 usd = 6.85 yuan)
zachary.wei@xfn.com
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