Financial Wire

BIWIN Storage Technology Returns to Profit in Q1 on 342% Surge in Operating Income

-- BIWIN Storage Technology (SHA:688525) returned to an attributable profit of 2.90 billion yuan in the first quarter from a loss of 197.5 million yuan in the year-ago period, according to a Thursday filing with the Shanghai bourse.

The semiconductor manufacturer logged 5.96 yuan in earnings per share compared with a loss per share of 0.46 yuan in the prior-year period.

Operating income surged 342% year over year to 6.81 billion yuan from 1.54 billion yuan.

Shares decreased 1% during morning trading on Thursday.

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BIWIN Storage Technology Returns to Profit in Q1 on 342% Surge in Operating Income | Financial Wire