Hygon to Absorb Dawning in 116-Billion-Yuan Transaction; Hygon Shares Down 4%

Dawning Information Industry's net profit attributable to shareholders in the first quarter jumped 31% to 186.5 million yuan or 0.128 yuan per share, according to a Shanghai Stock Exchange filing on Wednesday.

The Chinese supercomputer manufacturer's attributable profit a year earlier was 142.6 million yuan or 0.098 yuan per share.

The company's operating income in the same quarter rose 4.3% to 2.59 billion yuan from 2.48 billion yuan in the previous year, the filing said.

Dawning's shares closed less than 2% higher.

Shanghai BOCHU Electronic Technology's net profit attributable to shareholders in the first quarter climbed 32% year on year to 255.5 million yuan or 1.24 yuan per share, according to a Shanghai Stock Exchange disclosure on Tuesday.

The attributable profit of the Chinese laser-processing automation systems producer a year ago was 193.6 million yuan or 0.94 yuan per share.

The operating income of the company, formerly named Shanghai Friendess Electronic Technology, jumped 30% to 495.8 million yuan during the quarter from 381.1 million yuan in the prior year, the disclosure said.

The company's shares jumped less than 8% in recent trade.

Hygon Information Technology's net profit attributable to shareholders in the first quarter jumped 75% to 505.9 million yuan from 288.5 million yuan in the prior year, according to a Shanghai Stock Exchange disclosure on Tuesday.

Earnings per share rose 83% year on year to 0.22 yuan from 0.12 yuan.

The Chinese semiconductor company's operating income during the same period climbed 51% to 2.40 billion yuan from 1.59 billion yuan a year earlier, the disclosure said.