Economic Information Daily, 12th - Jinglong Electronics (03228) is currently down 4.5%, trading at HK$75.95, with a daily low at HK$72.5. The stock has traded around 4.41 million shares, involving HK$339 million. The stock made its debut on September 29, closing at HK$77.05, 10.3% higher than its offer price of HK$69.88. Although the share price softened today, the current price remains 8.7% above its listing price.

   Jinglong Electronics announced that its expected profit for the third quarter ended September 30 ranges between RMB 912 million and RMB 1.089 billion, representing a year-on-year increase of 2 to 2.65 times, and a quarter-on-quarter increase of 1.47 to 1.95 times.

   The group expects its profit attributable to shareholders, after deducting non-recurring gains and losses, for the third quarter to range between RMB 939 million and RMB 1.116 billion, a year-on-year increase of 2.9 to 3.7 times, and a quarter-on-quarter increase of 2.4 to 3 times. Additionally, the group expects its third-quarter revenue to range between RMB 6.12 billion and RMB 6.98 billion, a year-on-year increase of 53.5% to 75%, and a quarter-on-quarter increase of 29.7% to 47.9%.

   The group stated that the profit growth benefits from accelerated mass production and shipment of printed circuit boards in the high-speed communication and AI data infrastructure sectors, coupled with cost and price transmission of general products, optimized order structure, and internal cost reduction and efficiency improvements. As of the end of September, the group's order backlog in the fields of AI servers and data centers, as well as high-speed optical modules, remains strong, with high capacity utilization and yield rates. (vs)