Zhejiang Jingsheng Mechanical & Electrical (SHE:300316) posted first-half attributable net profit of 639.0 million yuan, down 70% from 2.10 billion yuan the previous year.
Earnings per share declined year over year to 0.49 yuan from 1.60 yuan, according to a filing with the Shenzhen bourse.
The semiconductor equipment manufacturer's operating revenue fell 43% year over year to 5.80 billion yuan from 10.15 billion yuan.
Shares of the company closed 2% lower Monday.
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