Tsinghua Tongfang (SHA:600100) expects to post a net profit attributable to the parent of between 100 million yuan and 150 million yuan in 2024, swinging from year-ago loss of 764.9 million yuan, according to a Shanghai Stock Exchange disclosure on Wednesday.
The Chinese information technology company attributed the forecast to income increase following the transfer of its computer business and disposal of fair value of trading financial assets, as well as its market expansion.
The company's shares rose more than 1% in recent trade.
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