Guangdong HEC Technology Holding (SHA:600673) expects to record a net profit attributable to shareholders of between 354 million yuan and 434 million yuan in 2024, returning to profit from the year-ago loss of 294.3 million yuan or 0.10 yuan per share, according to a Shanghai Stock Exchange disclosure on Monday.
The Chinese electronic components manufacturer attributed the rosy forecast to an increase in demand and product prices, the disclosure said.
The company's shares dropped less than 5% in recent trade.
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