Kuang-Chi Technologies Q1 Profit Up 17%; Shares Down 4%
Kuang-Chi Technologies (SHE:002625) posted first-quarter attributable net profit of 176.2 million yuan, up 17% from 150.5 million yuan the previous year.Earnings per share rose to 0.08 yuan from 0.07 yuan, according to a Tuesday filing with the Shenzhen bourse.Revenue rose 40% year over year to 522.3 million yuan from 372.4 million yuan.Shares of the metamaterial company declined 4% in recent trade.