Greatwall Technology Expects Up to 139% Surge in H1 Profit
China Greatwall Technology (SHE:000066) forecasts a 66% to 139% surge in its net attributable profit to between 230 million yuan and 330 million yuan in the first half from 138.3 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse. The tech company expects earnings per share to increase to between 0.071 yuan and 0.102 yuan from 0.043 yuan in the prior-year period. China Greatwall Technology attributed the upbeat forecast to higher investment in research and development and innovation, as well as benchmark products. The company also recognized revenue from its resettlement housing at its urban renewal projects.
China Greatwall Technology (SHE:000066) forecasts a 66% to 139% surge in its net attributable profit to between 230 million yuan and 330 million yuan in the first half from 138.3 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.
The tech company expects earnings per share to increase to between 0.071 yuan and 0.102 yuan from 0.043 yuan in the prior-year period.
China Greatwall Technology attributed the upbeat forecast to higher investment in research and development and innovation, as well as benchmark products.
The company also recognized revenue from its resettlement housing at its urban renewal projects.