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FINWIRES

ZTT Expects H1 Profit to Jump Up to 60%

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Jiangsu Zhongtian Technology (SHA:600522), or ZTT, forecast that its net profit attributable to shareholders in the first half will jump between 50% and 60% year on year to a range of 2.35 billion yuan to 2.51 billion yuan, according to a Wednesday filing on the Shanghai bourse.

The attributable profit a year earlier was 1.57 billion yuan, or 0.462 yuan per share.

The forecast was attributed to increased sales volume and prices, driven by the popularity of artificial intelligence and new digital infrastructure in the optical fiber and cable industry.

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