Shanghai Turbo Enterprises Ltd Reports Earnings Results for the First Quarter Ended March 31, 2023

Shanghai Turbo Enterprises Ltd. is an investment holding company. The Company operates in the manufacture and sale of vane products and related subcontracting services segment. The Company is a precision engineering company that specializes in the production of precision vane products, namely stationary vanes, moving vanes and nozzles. These vanes are components of steam turbine generators used for power generation in power plants, power stations and/or substations. They are also mounted onto steam turbine generators to improve steam flow in the generation of electricity. The Company's products include moving and partition blades, nuclear generator blades, turbine blades and last stage moving blades. It offers vane products for steam turbine power generators each with a generating capacity of over 600 megawatts of electricity. For single products, the Company offers steam turbine generators with generating capacity of over 1,000 megawatts of electricity.