Shengyi Technology Forecasts Up to 131% Profit Surge in H1
Shengyi Technology (SHA:600183) expects attributable net profit in the first half to surge between 117% and 131% to about 3.1 billion yuan and 3.3 billion yuan, according to a Shanghai bourse filing Tuesday.Net profit a year earlier was 1.43 billion yuan.The electronic components manufacturer attributed the growth to high demand in downstream fields such as AI computing power and high-speed communication.