Yangzhou Yangjie Electronic Technology Forecasts Up to 40% Rise in Nine-Month Profit
MT Newswires Live
Yesterday
Yangzhou Yangjie Electronic Technology (SHE:300373) expects attributable profit to jump 20% to 40% to between 1.17 billion yuan and 1.36 billion yuan in the first three quarters from 973.6 million yuan in the year-ago period, according to a Thursday after-hours filing with the Shenzhen bourse.
The upbeat forecast is attributable to 30% revenue growth amid a surge in demand from AI products, new energy vehicles, and solar storage, the filing said.
Company shares rose 4% during afternoon trading on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.