Financial Wire

Wus Printed Circuit's Q1 Profit Seen to Rise Up to 65%; Shares Rise 10%

-- Wus Printed Circuit (SHE:002463) forecasts its attributable profit to rise 55% to 65% to between 1.18 billion yuan and 1.26 billion yuan in the first quarter from 762.5 million yuan in the year-ago period, according to a Tuesday filing with the Shenzhen bourse.

The printed circuit board (PCB) maker expects earnings per share to rise to between 0.61 yuan and 0.65 yuan from 0.3969 yuan in the prior-year period.

Wus Printed attributed the upbeat forecast to higher demand for PCBs for high-speed computing and artificial intelligence servers, the filing said.

Shares surged 10% during the midday break on Tuesday.

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