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Maxwell Technologies' H1 Profit Drops 36%, Revenue Falls 31%; Shares Rise 5%

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Suzhou Maxwell Technologies' (SHE:300751) net profit attributable to shareholders in the first half dropped 36% to 252.1 million yuan from 393.9 million yuan a year earlier, according to a Shenzhen bourse filing on Tuesday.

Earnings per share fell 35% year over year to 0.91 yuan from 1.41 yuan.

Operating revenue declined 31% to 2.91 billion yuan from 4.21 billion yuan in the preceding year.

The Chinese industrial equipment manufacturer proposed distributing a cash dividend of 5 yuan per 10 shares to shareholders.

The company's shares jumped 5% during the afternoon trade.

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