SHA:600460

Hangzhou Silan Microelectronics Expects H1 Profit to Rise 96%; Shares Down 7%

Hangzhou Silan Microelectronics (SHA:600460) forecasted first-half attributable net profit of about 519.1 million yuan, compared with 264.8 million yuan the previous year.The 96% rise is attributed to strong revenue growth and a fair value gain of 194 million yuan from shareholdings in Anlogic, Yuneng and Lianxun Instrument, according to a Wednesday filing with the Shanghai bourse.Shares of the semiconductor company fell nearly 7% in recent trade.

UBS Upgrades Hangzhou Silan Microelectronics to Buy from Neutral; Price Target is 46.20 Yuan

Hangzhou Silan Microelectronics (SHA:600460) has an average rating of hold and mean price target of 31.77 yuan, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Jefferies Adjusts Hangzhou Silan Microelectronics' Price Target to 26 Yuan From 27 Yuan, Keeps at Underperform

Silan Microelectronics' Q1 Profit Jumps 41%, Revenue Up 17%

Hangzhou Silan Microelectronics' (SHA:600460) net profit attributable to shareholders in the first quarter jumped 41% year on year to 208.8 million yuan from 148.6 million yuan.Earnings per share rose to 0.13 yuan from 0.09 yuan, according to a Shanghai bourse filing on Thursday.Revenue at the electronic component manufacturer climbed 17% to 3.52 billion yuan from 3 billion yuan.