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Shengyi Technology posted 2024 net profit attributable to shareholders of 1.74 billion yuan, or 0.73 yuan per share, up 49% from 1.16 billion yuan, or 0.49 yuan per share, the previous year.
The electronic components manufacturer's revenue rose 23% year over year to 20.4 billion yuan from 16.6 billion yuan, according to a filing with the Shanghai bourse.
Shengyi Technology declared a dividend of 0.60 per share.
Shares of the company closed 2% higher Monday.
Revenue rose 22.92% and net profit surged 49.81% year-over-year, driven by strong copper-clad laminate sales and a turnaround at Sytech Electronics. All results are preliminary and unaudited.
Original document: Shengyi Technology Co., Ltd. Class A [600183] Interim report — Mar. 28 2025
Revenue grew 22.92% to ¥20.39 billion and net profit rose 49.37% to ¥1.74 billion, with gross margin up 2.75ppt. The company maintained global leadership in copper-clad laminates, expanded R&D, and proposed a high dividend payout, while investing in overseas capacity and facing raw material and competition risks.
Original document: Shengyi Technology Co., Ltd. Class A [600183] Annual Report — Mar. 28 2025
Shengyi Technology on March 10 will redeem 500 million yuan of its bonds.
The bonds have an interest rate of 3.50%, according to a Monday filing with the Shanghai bourse.
Funds will be transferred via China Central Depository & Clearing to bondholders' designated accounts.
Shares of the electronic components manufacturer were down 1% in recent trade.
Shengyi Technology expects its attributable profit to rise 46% to 55% to between 1.70 billion yuan and 1.80 billion yuan from 1.27 billion yuan in the year-ago period, according to a Friday filing with the Shanghai Stock Exchange.
The foreseen increase is attributable to higher production and sales of copper clad laminates, while subsidiary Shengyi Electronics also logged higher operating income, the filing said.
Shengyi Technology expects its attributable profit to rise 46% to 55% to between 1.70 billion yuan and 1.80 billion yuan from 1.27 billion yuan in the year-ago period, according to a Friday filing with the Shanghai Stock Exchange.
The foreseen increase is attributable to higher production and sales of copper clad laminates, while subsidiary Shengyi Electronics also logged higher operating income, the filing said.
Revenue and net profit surged 19.42% and 52.65% year-over-year, driven by strong demand for advanced PCB materials and cost optimization. Operating cash flow declined due to higher procurement outflows.
Original document: Shengyi Technology Co., Ltd. Class A [600183] Interim report — Oct. 28 2024
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