Wuhan Guide Infrared Expects up to 701% H1 Profit Surge; Shares Up 10%
Wuhan Guide Infrared (SHE:002414) forecasted first-half attributable net profit of between 1.27 billion yuan and 1.45 billion yuan, compared with 181 million yuan the previous year. The 602% to 701% surge is attributed to the sustained deliveries of complete equipment systems and booming civilian applications of infrared chips, according to a Thursday filing with the Shenzhen bourse. Basic earnings per share is expected to jump to between 0.2974 and 0.3395 yuan from the previous year's 0.0424 yuan. Shares of the infrared thermal imaging detectors and modules company jumped 10% in recent trade.
Wuhan Guide Infrared (SHE:002414) forecasted first-half attributable net profit of between 1.27 billion yuan and 1.45 billion yuan, compared with 181 million yuan the previous year.
The 602% to 701% surge is attributed to the sustained deliveries of complete equipment systems and booming civilian applications of infrared chips, according to a Thursday filing with the Shenzhen bourse.
Basic earnings per share is expected to jump to between 0.2974 and 0.3395 yuan from the previous year's 0.0424 yuan.
Shares of the infrared thermal imaging detectors and modules company jumped 10% in recent trade.