Surge in Memory Chip Stocks: Net Profit Soars 2,207%

Deep News08-27 19:43

Xiangnong Xinchuang has released its semi-annual report, revealing a remarkable financial performance for the first half of the year. The company's total operating revenue reached 602.04 billion yuan, a substantial 251.6% increase year-on-year. Net profit attributable to the parent company skyrocketed to 36.42 billion yuan, an extraordinary 2,207.2% surge from the previous year. Basic earnings per share stood at 7.82 yuan, representing a massive 2,200% year-on-year growth.

In the second quarter alone, the company posted operating revenue of 364.4 billion yuan, up 295.34% year-on-year, while net profit attributable to the parent company climbed to 23.14 billion yuan, marking a 1,539.99% increase. On August 27, shares of Xiangnong Xinchuang rallied sharply, jumping 8.43% to close at 165.33 yuan per share, bringing the company's total market capitalization to 776 billion yuan.

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