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Shenyang Fortune Precision Equipment Sees Surge in H1 Profit

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Shenyang Fortune Precision Equipment (SHA:688409) forecasts its attributable profit will surge 877% to 1,122% to between 120 million yuan and 150 million yuan from 12.3 million yuan in the year-ago period, according to a Monday filing with the Shanghai bourse.

The semiconductor equipment precision parts maker forecasts revenue to grow 22% to 45% to between 210 million yuan and 250 million yuan.

Shenyang Fortune attributes the surge to higher revenue due to increased market demand for semiconductor components.

Shares closed 12% lower on Monday.

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