Anhui Tongguan Copper Foil (SHE:301217) forecasts a 486% to 544% rise in its net attributable profit to between 205 million yuan and 225 million yuan in the first half from about 35 million yuan in the year-ago period, according to a Monday filing with the Shenzhen bourse.
The electronic copper foil manufacturer attributed the growth to an increase in processing fee revenue following a rise in the proportion of high-value-added products, including high-frequency and high-speed copper foil.
Shares plunged 20% during the midday break on Monday.
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