CXMT's 580% stock rally raises bar for first earnings since IPO
CXMT has forecast a strong first half, expecting revenue of 110 billion yuan ($16.4 billion) to 120 billion yuan, at least double its first-quarter sales of 50.8 billion yuan, according to its prospectus. Net profit is seen at 50 billion yuan to 57 billion yuan.
CXMT has forecast a strong first half, expecting revenue of 110 billion yuan ($16.4 billion) to 120 billion yuan, at least double its first-quarter sales of 50.8 billion yuan, according to its prospectus. Net profit is seen at 50 billion yuan to 57 billion yuan.
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