Asia
Aerospace Intelligent Manufacturing Technology Foresees Up to 45% Fall in H1 Profit
Aerospace Intelligent Manufacturing Technology (SHE:300446) forecasts a 30% to 45% fall in its net attributable profit to between 215.4 million yuan and 274.1 million yuan in the first half from 391.5 million yuan in the year-ago period, according to a Wednesday after-hours filing with the Shenzhen bourse.The auto parts manufacturer expects revenue to slide to between 3.75 billion yuan and 3.96 billion yuan from 4.16 billion yuan in the prior-year period.Aerospace Intelligent attributed the expected fall to intense market competition in the auto parts sector.
SHE:300446
