Fenghua Hi-Tech (000636) released its semi-annual report on the evening of August 20. The company’s revenue for the first half of the year was 2.081 billion yuan, up 41.38% year-on-year; net profit was 414 million yuan, up 270.40% year-on-year. The basic earnings per share was 0.46 yuan. During the reporting period, the tight supply and demand situation of global electronic components continued, especially the company’s main products, chip resistors, MLCC, etc. continue to maintain the situation of short supply. The company expects net profit for January-September to be 760 million yuan to 800 million yuan, a year-on-year increase of 316%-338%.
