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Raytron Technology H1 Profit Jumps 259%, Revenue Up 73%

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Raytron Technology (SHA:688002) posted first-half attributable net profit of 1.26 billion yuan, up 259% from 351.0 million yuan the previous year.

Earnings per share climbed to 2.56 yuan from 0.76 yuan, according to a Tuesday filing with the Shanghai bourse.

Operating revenue rose 73% year over year to 4.40 billion yuan from 2.54 billion yuan.

The glass fiber manufacturer declared a semi-annual cash dividend of 5.00 per 10 shares, according to a separate filing.

Shares of Raytron Technology were down 4% in recent trade.

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