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Optowide Technologies Projects Up to 42% H1 Profit Growth; Shares Rise 5%

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Optowide Technologies (SHA:688195) forecasted first-half attributable net profit of between 48 million yuan and 52 million yuan, compared with 36.6 million yuan the previous year.

The growth of 31% to 42% is attributed to surging artificial intelligence computing power infrastructure demand, according to a Wednesday filing with the Shanghai bourse.

H1 operating revenue is projected to rise 52% to 71% to between 400 million yuan and 450 million yuan.

Shares of the precision optics and fiber components manufacturer climbed 5% in recent trade.

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