Torch Electronics forecasts substantial profit growth for first half

Fujian Torch Electron Technology (SSE:603678) projects a net profit attributable to shareholders of approximately CNY 247 million to CNY 280 million for the first half of 2025, representing a year-on-year increase of roughly 50.36% to 70.45%. The company also expects a net profit attributable to shareholders after deducting non-recurring gains and losses of around CNY 235 million to CNY 270 million, a year-on-year rise of 51.26% to 73.79%. The growth is attributed to a positive shift in the electronic component sector, increased customer orders, and the company's focus on high-value-added products. Additionally, the company's new materials segment contributed significantly to overall profitability. The financial results are preliminary estimates and have not been audited.