CXMT (SHA:688825) expects to record an attributable net profit of between 131 billion yuan and 132.5 billion yuan in the first three quarters, swinging from the year-ago attributable loss of 5.28 billion yuan, according to a Shanghai bourse filing over the weekend.
Operating revenue is expected to range between 265 billion yuan and 270 billion yuan, compared with 32.1 billion yuan the previous year.
The Chinese chipmaker attributed the anticipated growth to higher chip prices driven by rising demand, as well as the expansion of its market presence.
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