SHE:002436

Shenzhen Fastprint Circuit Tech Expects Up to 316% Surge in H1 Attributable Profit

Shenzhen Fastprint Circuit Tech (SHE:002436) forecasts a 247% to 316% rise in its net attributable profit to between 100 million yuan and 120 million yuan in the first half from 28.8 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.The printed circuit board company expects earnings per share to triple to between 0.06 yuan and 0.07 yuan from 0.02 yuan in the prior-year period.Shenzhen Fastprint Circuit Tech attributed the expected rise to steady revenue growth due to artificial intelligence construction demand.Shares fell 5% during afternoon trading on Wednesday.

SPDB International HK Starts Shenzhen Fastprint Circuit Tech at Buy With 61 Yuan Price Target

Shenzhen Fastprint Circuit Tech Seeks Up to 3.9 Billion Yuan From Private Placement

Shenzhen Fastprint Circuit Tech (SHE:002436) is looking to raise up to 3.90 billion yuan from the sale of 509.9 million shares to 35 investors in a private placement, according to a Wednesday filing with the Shenzhen bourse.The printed circuit board manufacturer looks to use the proceeds to fund its modified semi-additive process manufacturing and integrated circuit packaging substrate projects and for working capital.Shares rose 4% during the close of trading on Wednesday.