Putian Communications Group (01720) Fa Yingxi expects profit attributable to shareholders in the medium term to be about 40 million yuan to 45 million yuan, an increase of 410% to 480% year-on-year

Zhitong Finance App News, Putian Communications Group (01720) announced that the Group expects to record profits attributable to the Company's owners of approximately RMB 40 million to RMB 45 million for the six months ending June 30, 2026 (this period), an increase of 410% to 480% over the six months ending June 30, 2025 of RMB 7.8 million in profit attributable to the Company's owners. The increase in expected profit attributable to the company's owners is mainly due to the increase in sales revenue of optical fiber and optical cable. Benefiting from the accelerated deployment of artificial intelligence computing power infrastructure on a global scale, demand for optical fibers and optical cables in domestic and foreign markets has surged, driving a significant increase in the company's performance.