Siwei Technology (01202) is pleased to see a year-on-year increase in consolidated net profit of about 80.72 million yuan in the first half of the year

Zhitong Finance App News, Siwei Technology (01202) issued an announcement. The board of directors expects the consolidated net profit of the company to be approximately RMB 80.72 million for the six months ending June 30, 2026, and the net profit attributable to the owners of the Company is approximately RMB 40.97 million. The Company's consolidated net profit for the six months ended June 30, 2025 (same period last year) was RMB 1.01 million, and net profit attributable to the owners of the Company was RMB 420,000.

According to the announcement, the increase in the company's consolidated net profit was mainly due to the explosive growth in demand for AI data centers and other applications this year, and the optical fiber market price rose rapidly in the short term, driving the company's profit growth.