Autel Intelligent Technology Expects Up to 27% Rise in H1 Profit

MT Newswires Live07-07

Autel Intelligent Technology (SHA:688208) forecasts first-half attributable net profit of between 460 million yuan and 490 million yuan, compared with 386.6 million yuan the previous year.

The annual increase of between 19% and 27% is driven by artificial intelligence integration, with key growth coming from its Ultra S2 diagnostic tools and ADAS calibration systems, according to a Monday filing with the Shanghai bourse.

Shares of the automotive intelligent diagnostics, detection and analysis systems developer rose 2% in recent trade.

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