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FINWIRES

Lingyi iTech Q1 Profit Down 31%, Revenue Up 10%

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-- Lingyi iTech Guangdong (SHE:002600) posted first-quarter attributable net profit of 391.6 million yuan, down 31% from 565.2 million yuan the previous year.

Earnings per share declined to 0.05 yuan from 0.08 yuan, according to a Thursday filing on the Shenzhen bourse.

The artificial intelligence hardware intelligent manufacturing platform operator's operating revenue went up 10% year over year to 12.6 billion yuan from 11.5 billion yuan.

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