Reported 12 months ago
Kangquan Telecom (8089), a networking factory, has seen a significant increase in revenue in recent months, leading to a strong surge in stock prices. The company announced a tax-after-net-profit of 2.72 yuan per share for April and May, marking a turnaround from a loss of 2.32 yuan in the first quarter. With a combined tax-after-net-profit of 0.4 yuan per share in the first five months, Kangquan Telecom's operations have notably improved, with revenues mainly from overseas markets in North America, Europe, and the Asia-Pacific region. The company's performance is expected to continue growing in the second half of this year.
Source: YAHOO