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Zhejiang Jingsheng Mechanical & Electrical H1 Profit Down 64%, Revenue Declines 40%

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Zhejiang Jingsheng Mechanical & Electrical (SHE:300316) posted first-half attributable net profit of 232.2 million yuan, down 64% from 639.0 million yuan the previous year.

Earnings per share declined to 0.18 yuan from 0.49 yuan, according to weekend filings with the Shenzhen bourse.

Operating revenue declined 40% year over year to 3.45 billion yuan from 5.80 billion yuan.

The semiconductor supplies company declared an interim dividend of 0.60 yuan per 10 shares.

Shares of the company declined 1% in recent trade.

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