China Greatwall Technology Group (SHE:000066) forecasts first-half attributable net profit of between 100 million yuan and 145 million yuan, compared with loss of 421.5 million yuan the previous year.
The turnaround is due to revenue growth, business structure optimization, and gains from the disposal of non-core equity assets, according to a Tuesday filing with the Shenzhen bourse.
Shares of the power products manufacturer closed 1% higher Tuesday.
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