China Greatwall Technology shifts strategy, expects profit turnaround
China Greatwall Technology Group announced a significant adjustment to its raised capital utilization, terminating its chip R&D project and new energy vehicle development while introducing two new projects worth RMB 438 million combined.
The company will launch a power AI server R&D project (RMB 200 million) and an underwater scientific observation network project (RMB 238 million).
China Greatwall Technology projected net profit of RMB 100-145 million for the first half of 2025, compared to a RMB 421.52 million loss in the previous year.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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