Sanxiang Advanced Materials (SHA:603663) forecasts its attributable profit will rise 32% to 72% to between 100 million yuan and 130 million yuan in 2025 from 75.8 million yuan in 2024, according to a Tuesday disclosure to the Shanghai bourse.
The foreseen rise in profit at the advanced material manufacturer is attributable to its deepening presence in the zirconium-based products industry chain as well as an increase in earnings in the nuclear-grade sponge zirconium business segment.
Shares fell nearly 1% during late morning trading on Tuesday.
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