Founder Technology Forecasts Up to 265% Profit Surge in H1; Shares Slide 8%
Founder Technology (SHA:600601) expects its attributable net profit for the first half to surge between 196% and 265% year over year, to about 337.4 million yuan to 457.4 million yuan, according to a Shanghai bourse filing on Saturday.The Chinese printed circuit board maker attributed the growth to increased orders for high-end products under its main PCB business.Founder's shares fell 8% recently.