Shengyi Electronics (SHA:688183) expects to return to profit in 2024, recording a net profit attributable to shareholders of between 299.5 million yuan and 358.1 million yuan, according to a Shanghai Stock Exchange disclosure on Friday.
The year-ago attributable loss was 24.9 million yuan.
The Chinese circuit board products manufacturer attributed the forecast to an increase in demand and operating income, the disclosure said.
The company's shares slipped 2% in recent trade.
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