CIG Shanghai's (HKG:6166, SHA:603083) net profit attributable to shareholders surged 276% to 118.3 million yuan in the first quarter, from 31.4 million yuan a year earlier, according to a Monday Hong Kong bourse filing.
The data transmission device maker's Hong Kong-listed shares fell nearly 9% in Tuesday morning trade.
Earnings per share came in at 0.34 yuan, compared with 0.12 yuan in the prior-year period.
Operating revenue rose 44% to 1.29 billion yuan from 893.6 million yuan a year earlier.
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