PuTian Communication Group (01720.HK) issues positive earnings forecast, expecting a mid-term profit attributable to shareholders of approximately 40 million to 45 million yuan, an increase of 410% to 480% year-on-year.

Zhitong Finance APP reported that Putian Communication Group (01720.HK) announced that the Group expects to record an attributable profit to shareholders of approximately RMB 40 million to RMB 45 million for the six months ending June 30, 2026 (the "Period"), representing an increase of 410% to 480% compared to an attributable profit of RMB 7.8 million for the six months ending June 30, 2025. The anticipated increase in profit attributable to shareholders is primarily due to increased sales revenue from fiber optic and optical cable products. Benefiting from the accelerated deployment of artificial intelligence computing power infrastructure globally, there has been a surge in demand for fiber optic and optical cables in both domestic and international markets, driving significant growth in the Company's performance.