Grace Fabric Technology (SHA:603256) forecasted first-half attributable net profit of between 331.7 million yuan and 405.4 million yuan, compared with 87.4 million yuan the previous year.
The 280% to 364% jump is attributed to rising end-market demand and higher prices for electronic-grade glass fiber fabrics, according to a Tuesday filing with the Shenzhen bourse.
Shares of the glass fabric products company were up 9% Tuesday.
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