Tongfu Microelectronics Expects Up to 337% Rise in H1 Profit
Tongfu Microelectronics (SHE:002156) forecasts a 288% to 337% surge in its net attributable profit to between 1.60 billion yuan and 1.80 billion yuan in the first half from 412.1 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai/Shenzhen bourse. The semiconductor maker's earnings per share could soar to between 1.05 yuan and 1.19 yuan from 0.27 yuan. Tongfu attributed the expected rise to better capacity utilization, higher revenue, and cost control driven by a boom in storage demand and AI computing capacity construction. Shares rose 2% during the midday break on Wednesday.
Tongfu Microelectronics (SHE:002156) forecasts a 288% to 337% surge in its net attributable profit to between 1.60 billion yuan and 1.80 billion yuan in the first half from 412.1 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai/Shenzhen bourse.
The semiconductor maker's earnings per share could soar to between 1.05 yuan and 1.19 yuan from 0.27 yuan.
Tongfu attributed the expected rise to better capacity utilization, higher revenue, and cost control driven by a boom in storage demand and AI computing capacity construction.
Shares rose 2% during the midday break on Wednesday.