Several prominent stocks have announced significant projected increases in their first-half earnings.
On the evening of July 14th, companies including Tianqi Lithium Corporation, Jiangsu Lettall Electronic Co.,Ltd., and Yangtze Optical Fibre And Cable Joint Stock Limited Company released preliminary earnings statements, all forecasting substantial year-on-year profit growth.
Tianqi Lithium Corporation anticipates its net profit attributable to shareholders for the first half of the year to be between 28.5 billion and 42.5 billion yuan, representing a year-on-year increase of 3276% to 4935%. The company attributed this surge to the development of the new energy industry, rising downstream demand leading to significantly higher average selling prices for its main lithium products, and a substantial projected increase in investment income from its associate SQM.
Jiangsu Lettall Electronic Co.,Ltd. expects its first-half net profit to range from 6.5 billion to 7.5 billion yuan, a year-on-year jump of 1172.53% to 1368.31%. The company cited significant growth in its computing power distribution business, improved efficiency and reduced losses in its precision metal structural components segment, and substantial gains from changes in the fair value of equity investments and equity disposals as the primary drivers.
Yangtze Optical Fibre And Cable Joint Stock Limited Company forecasts its first-half net profit to be between 24 billion and 30 billion yuan, a year-on-year increase of 711% to 914%. The company stated that accelerated construction of computing data centers has driven sustained demand for new fiber optic cable products globally, improving industry supply-demand dynamics. It has leveraged its leading position to expand its data center business, optimize its product mix, and enhance profitability.
Grace Fabric Technology Co.,Ltd. projects its first-half net profit to be approximately 3.32 billion to 4.05 billion yuan, up 280% to 364% year-on-year. The increase is attributed to rising end-market demand, higher prices for electronic-grade glass fiber cloth due to market conditions, and a strategic focus on producing and selling high-demand specialty electronic cloth and ultra-thin glass fiber products.
Dongshan Precision Manufacturing Co., Ltd. expects its first-half net profit to be between 29 billion and 30 billion yuan, representing growth of 282.58% to 295.78%. The company noted stable performance in its core businesses like consumer electronics and automotive parts, initial positive integration effects in its optical module segment with new capacity and customers meeting expectations, and growing returns from earlier investments in data center-related industries.
China Jushi Co., Ltd. forecasts its first-half net profit to be in the range of 27.84 billion to 31.21 billion yuan, an increase of 65% to 85% year-on-year. The company stated that rising downstream demand for fiberglass led to higher volumes and prices, while efforts to optimize its product portfolio, enhance innovation, and expand markets improved profitability.
Deli Li expects to turn a profit in the first half of the year, with projected net profit between 57 billion and 65 billion yuan. The company credited the accelerated adoption of AI applications driving storage demand, tight supply conditions supporting high industry sentiment and rising prices, stable supply chain cooperation, and improved profitability. It also highlighted increased R&D investment, the launch of a self-developed enterprise-grade SSD controller chip, and optimization of its product matrix in areas like network security and industrial control.
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