Shida Shinghwa Advanced Material Group (SHA:603026) expects to return to profit in the first quarter, with a net profit attributable to shareholders ranging between 260 million yuan and 310 million yuan, according to a Shanghai bourse filing on Tuesday.
The attributable loss a year earlier was 28.5 million yuan, or 0.14 yuan per share.
Shares of the producer of basic organic chemical products soared 10% during the morning trade.
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