Yuanjie Semiconductor Technology (SHA:688498) forecasts a 339% to 364% surge in its net attributable profit to between 900 million yuan and 950 million yuan from 46.3 million yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.
The optical chip maker attributes the growth to a significant increase in revenue, mainly from its data center business, and reduced expenses.
Shares rose nearly 1% during morning trading on Wednesday.
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