Hwatsing Technology Forecasts Up to 49% Rise in 2024 Profit

MT Newswires Live

01-24

Hwatsing Technology (SHA:688120) expects an up to 49% increase in 2024 profit due to an expansion of its product market share and enhanced competitiveness.

Attributable net profit is expected to range between 970 million yuan and 1.08 billion yuan in 2024, up from 723.7 million yuan in 2023, according to a Friday filing with the Shanghai Exchange.

Shares of the semiconductor equipment manufacturer rose 2% in recent trade.

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