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Smartsens Technology Expects Up to 34% H1 Profit Growth; Shares Up 3%

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Smartsens Technology Shanghai (SHA:688213) forecasted first-half attributable net profit of between 510 million yuan and 530 million yuan, up 29% to 34% from 396.9 million yuan the previous year.

Operating revenue is expected to range from 4.50 billion yuan to 4.70 billion yuan, up 19% to 24% from 3.79 billion yuan, according to a Thursday filing with the Shanghai bourse.

The image sensor maker attributed the strong growth to its "3+AI" strategy across smart security, smartphones and automotive electronics, alongside higher research and development investment in artificial intelligence vision ecosystems.

Shares of the company rose nearly 3% in recent trade.

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