Xingsen Technology (002436.SZ) expects net profit growth of 77.49% to 107.07% year-on-year in the first quarter

Xingsen Technology (002436.SZ) released the results of the first quarter of 2022 announcement, reporting period attributable to the shareholders of the listed company net profit of 180 million yuan to 210 million yuan, compared with the same period last year growth: 77.49% – 107.07%.The main reasons for the year-on-year increase in net profit are as follows: in the first quarter, the company’s subsidiary Yixing Silicon Valley Electronic Technology Co., Ltd. released production capacity and increased orders;The capacity of the rigid circuit board project of guangzhou Xingsen Fast Circuit Technology Co., LTD. (2020 convertible bond financing project) has been steadily improved, and the IC packaging substrate business orders are full.The overseas subsidiary Fineline grew steadily, and the overall revenue of the company increased by about 19% year-on-year.

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