Huawei Suppliers Ofilm, Huatian Rise on Strong Profit Expectations
Zhang Yushuo
DATE:  Jul 14 2020
/ SOURCE:  Yicai
Huawei Suppliers Ofilm, Huatian Rise on Strong Profit Expectations Huawei Suppliers Ofilm, Huatian Rise on Strong Profit Expectations

(Yicai Global) July 14 -- Shares of two Huawei suppliers, Ofilm Group and Huatian Technology, opened higher this morning after they predicted robust gains for the first half of this year from a year ago amid rising demand despite the Covid-19 pandemic.

Huatian's equity price [SHE:002185] started the day 4.3 percent up at CNY19.83 (USD2.80) after the integrated circuit packaging and testing equipment maker said that its net profit should double over the six months due to expanding domestic demand, the Tianshui-based firm announced yesterday.

Ofilm's stock price [SHE:002456] opened 1.4 percent up at CNY22.23. The optical parts supplier forecast its net profit to rise from 20 to 25 times to reach as much as CNY550 million (USD78.6 million) due to big orders, the Shenzhen-based firm said in a statement yesterday.

Editor: Emmi Laine
 

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Keywords:   Huawei,Ofilm,Huatian Technology