Zhejiang Asia-Pacific Mechanical & Electronic (SHE:002284) expects its net profit attributable to shareholders in the first half to jump 82% and 101% to between 190 million yuan and 210 million yuan, according to a Shenzhen bourse filing on Wednesday.
The Chinese motor vehicle brake system manufacturer's attributable profit a year earlier was 104.4 million yuan.
Earnings per share are expected to be between 0.26 yuan and 0.28 yuan, higher than 0.14 yuan in the previous year.
The company's shares jumped less than 3% during midday trade.
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