-- FSPG Hi-Tech (SHE:000973) forecasts its attributable profit will surge 1,993% to 2,664% to between 530 million yuan and 700 million yuan in the first quarter from 25.3 million yuan, after adjustments, according to a Wednesday filing with the Shenzhen bourse.
The foreseen surge is attributable to the acquisition of the entire stake in Hebei Jinli New Energy Technology, the filing said.
Shares decreased 4% during the midday break on Wednesday.