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Shengyi Technology's Q1 Profit Doubles as Revenue Jumps 45%

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-- Shengyi Technology (SHA:600183) reported a 105.5% jump in attributable net profit in the first quarter to 1.16 billion yuan from 563.6 billion yuan, according to a filing with the Shanghai bourse on Wednesday.

Earnings per share doubled to 0.48 yuan from 0.24 yuan.

Revenue jumped 45% to 8.14 billion yuan from 5.61 billion yuan, which the electronic components manufacturer attributed to pricing adjustment, among other factors.

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