Chang Chuan Tech forecasts strong profit growth for H1 2025

Hangzhou Chang Chuan Technology (SZSE:300604) has released a positive earnings forecast for the first half of 2025, projecting net profits attributable to shareholders to range between CNY 360 million and CNY 420 million. This represents a significant increase of 67.54% to 95.46% compared to the CNY 214.88 million reported in the same period last year. Excluding non-recurring gains and losses, the company expects net profit to be between CNY 290 million and CNY 350 million, a rise of 39.10% to 67.88% year-over-year compared to CNY 208.48 million. The company attributes this strong performance to rapid growth in the integrated circuit industry, robust customer demand, and successful adoption of its high-end testing equipment. Sales orders have increased considerably across product lines, resulting in a substantial rise in sales revenue. The forecast also includes approximately CNY 70 million in non-recurring gains and losses, primarily related to merger and acquisition activities and government subsidies. The company advises investors to exercise caution and be aware of investment risks.