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Yibo Technology Shares Hit Record High, Up 7.38% to RMB 67.50

Published: Updated: By 24TopNews Editorial Desk

Yibo Technology shares rose 7.38% to RMB 67.50, a record high, with 3.8325 million shares traded worth RMB 247 million and a turnover rate of 3.28%. The company's total A-share market capitalization reached RMB 14.144 billion. First-half net profit was RMB 63.8293 million, up 1561.55% year on year, on revenue of RMB 709 million, up 41.63%.

Yibo Technology shares hit a record high, rising 7.38% to RMB 67.50 as of 9:38 a. m. , with trading volume of 3.8325 million shares and turnover of RMB 247 million. The turnover rate was 3.28%. The stock's latest total A-share market capitalization reached RMB 14.144 billion, with a circulating A-share market capitalization of RMB 7.897 billion.

The electronics sector to which Yibo Technology belongs was up 0.72% overall. Within the sector, 237 stocks rose, with Qipai Technology, Huazheng New Material and Aohong Electronics among the top gainers, up 11.97%, 10.00% and 9.99% respectively. A total of 267 stocks fell, with Yuanwanggu, Youyan Silicon and Aoto Electronics among the biggest decliners, down 9.94%, 6.39% and 3.70% respectively.

Margin trading data showed that as of September 14, Yibo Technology's margin financing and securities lending balance stood at RMB 279 million, of which the financing balance was RMB 278 million, an increase of RMB 52.4765 million over the past 10 days, or 23.22% month on month.

The company's half-year report showed that in the first half it recorded operating revenue of RMB 709 million, up 41.63% year on year; net profit of RMB 63.8293 million, up 1561.55% year on year; basic earnings per share of RMB 0.3063; and a weighted average return on equity of 2.92%.