Maxio Technology Hangzhou (SHA:688449) projected a 128% increase in 2024 profit due to a recovery in downstream markets, higher customer demand and receipt of government subsidies.
Its 2024 attributable net profit is expected to have reached 119 million yuan, up from 52.2 million yuan the previous year, according to a Monday filing with the Shanghai bourse.
Shares of the semiconductor company were down 5% Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments