Yangzhou Yangjie Electronic Technology (SHE:300373) expects attributable profit to jump 20% to 40% to between 1.17 billion yuan and 1.36 billion yuan in the first three quarters from 973.6 million yuan in the year-ago period, according to a Thursday after-hours filing with the Shenzhen bourse.

The upbeat forecast is attributable to 30% revenue growth amid a surge in demand from AI products, new energy vehicles, and solar storage, the filing said.

Company shares rose 4% during afternoon trading on Friday.