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Hangzhou Kaierda Welding Robot expects its net profit attributable to shareholders in the first half to drop between 89% and 91% to a range of around 2 million yuan and 2.6 million yuan, according to a Shanghai bourse filing on Saturday.
The Chinese robot and industrial welding equipment manufacturer's shares closed over 1% on Monday.
The forecasted figures are expected to be a drop from the year-ago attributable profit of 23.5 million yuan due to increased expenses and other market factors.
This article was automatically generated by Dow Jones using technology from Automated Insights.
Stocks in Greater China gained on Tuesday.
Hong Kong's Hang Seng Index gained 1.8% to 19204.51, and China's Shanghai Composite Index gained 2.5% to 3240.94. The Taiwan Taiex index gained 1.4% to 22797.52.
Among Hang Seng constituents, Nongfu Spring Co. Ltd. was the biggest gainer during the session, surging 5.2%, and Kuaishou Technology gained 4.9%. JD.com Inc. rounded out the top three movers on Tuesday, as shares gained 4.9%.
New Oriental Education & Technology Group Inc. posted the largest decline among companies on the Hang Seng, falling 3.3%, followed by shares of Sands China Ltd., which fell 1.3%. Shares of CK Infrastructure Holdings Ltd. slipped 0.9%.
Among large mainland China stocks, EFORT Intelligent Equipment Co. Ltd. was the biggest gainer during the session, surging 20%, and Hangzhou Kaierda Welding Robot Co. Ltd. A surged 17%. OPT Machine Vision Tech Co. Ltd. A rounded out the top three movers on Tuesday, as shares surged 16%.
Eastroc Beverage (Group) Co. Ltd. posted the largest decline, dropping 7.9%, followed by shares of Cambricon Technologies Corp. Ltd. A, which fell 3.5%. Shares of Jiangsu Seagull Cooling Tower Co. Ltd. A fell 2.3%.
In Taiwan, Lai Yih Footwear Co. Ltd. was the biggest gainer among large companies during the session, surging 10%, and Arizon RFID Technology (Cayman) Co. Ltd. surged 10% Foxtron Vehicle Technologies Co. Ltd. rounded out the top three movers, as shares surged 10%.
Universal Inc. posted the largest decline, dropping 9.9%, followed by shares of Adimmune Corp., which dropped 7.2%. Shares of Cosmo Electronics Corp. dropped 5.3%.
On the currency front, the onshore yuan held steady against the U.S. dollar at CNY7.33 while the New Taiwan dollar strengthened 0.1% against the U.S. dollar at NT$33.02.
Data source: Dow Jones Market Data, FactSet
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