The company has lifted H1 forecasted earnings on chip and printer rebound.
Hubei Dinglong Holdings forecasts a sharp rise in half-year profits as strong demand in semiconductor materials and a rebound in printer consumables offset early-stage R&D drag.
Net profit for the six months to June is expected to reach between RMB 290 million and RMB 320 million ($39.8 million–$43.9 million/ €36.7 million– €40.5 million), a year-on-year rise of up to 47%. Earnings excluding non-recurring items could climb more than 54%.
Semiconductor revenue jumped 49% to RMB 945 million ($129.7 million/ €119.7 million), with standout growth in CMP pads and slurries. Printer consumables delivered RMB 780 million ($107.1 million/ €98.8 million) in revenue, with sequential quarterly gains, aided by a renewed focus on cost efficiency and market expansion.
However, heavy investment in advanced chip materials reduced profit by over RMB 50 million ($6.9 million/ €6.3 million), while government subsidies also fell year-on-year.
Final audited figures are due in the company’s full interim report later this year.
