Pinming Technology's H1 Profit to Soar Up to 303%; Shares Up 8%

MT Newswires

Pinming Technology expects its net profit attributable to shareholders for the first half to surge between 232% to 303% year on year, according to a Shanghai bourse filing on Thursday.

The Chinese software product distributor's attributable profit will rise to between 28 million yuan and 34 million yuan, from 8.4 million yuan, or 0.11 yuan per share, a year earlier.

The company attributed the forecast to revenue growth in its construction informatization software business, among other factors.

The company's shares soared less than 8% during morning trade.

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Pinming Technology Names Founder as Honorary Chairman

MT Newswires

Pinming Technology said its board of directors has appointed Mo Xujun as Honorary Chairman, according to a Friday filing with the Shanghai Bourse.

Mo was the company's founder, and while the honorary position does not confer board or executive responsibilities, he will continue advising on strategic development, industry trends, and major projects.

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Pinming Technology's H1 Profit to Soar Up to 303%; Shares Up 8%

Pinming Technology Names Founder as Honorary Chairman

Risk Disclosure