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Hygon Information Technology (SHA:688041) will use 330.0 million yuan of remaining super-offering funds to supplement working capital.The amount comprises 287.3 million yuan in super-offering funds and 42.7 million yuan in accumulated interest, according to a weekend filing with the Shanghai bourse.
Hygon Information Technology's (SHA:688041) net profit attributable to shareholders for the first half jumped 50% to 1.80 billion yuan from 1.20 billion yuan a year earlier, according to a Shanghai bourse filing on Friday.Earnings per share rose 50% year on year to 0.78 yuan from 0.52 yuan.Operating revenue climbed 67% to 9.10 billion yuan from 5.46 billion yuan in the previous year.The Chinese chip manufacturer's shares slipped 1% during the morning trade.
Hygon Information Technology (SHA:688041) has an average rating of overweight and mean price target of 371.25 yuan, according to analysts polled by FactSet.
Hygon Information Technology (SHA:688041) forecast its net profit attributable to owners in the first half to rise by between 74% and 85% year on year to a range of 1.70 billion yuan to 1.83 billion yuan, according to a Shanghai bourse filing on Friday.The attributable profit a year earlier was 1.20 billion yuan, or 0.52 yuan per share.Operating revenue is expected to jump by between 56% and 70% to a range of 8.50 billion yuan to 9.30 billion yuan from 5.46 billion yuan in the previous year.The Chinese chip manufacturer attributed the forecast to the expansion of its market reach, especially for its high-end processor products, while increasing its research and development investment amid the large-scale deployment of artificial intelligence agent applications.
