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Yangjie Electronic Technology Forecasts Up to 40% Rise in Q1 Profit

MT Newswires Live04-02

Yangzhou Yangjie Electronic Technology (SHE:300373) forecasts its attributable profit will rise 20% to 40% to between 327.6 million yuan and 382.1 million yuan in the first quarter from about 273 million yuan in the year-ago period.

The power semiconductor wafers manufacturer attributed the upbeat forecast to a strong demand in the artificial intelligence, new energy vehicles, energy storage, and industrial control segments, according to a Thursday filing with the Shenzhen bourse.

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