Empyrean Technology Co., Ltd. Class ASZSE: 301269

China's Empyrean Technology falls as 2024 profit plunges

· Issued by Empyrean Technology Co., Ltd. Class A

** Shares of Empyrean Technology Co Ltd SZSE:301269 fall 4% to HK$116.5, their lowest since April 9

** Stock set for the biggest one-day pct decline since April 15

** The Chinese electronic design automation (EDA) tool software developer said its 2024 net profit down 45.5% y/y, sales up 21% y/y

** CES CN Semiconductor Index SSE:990001 climbs 0.7%, blue-chip CSI 300 Index SZSE:399300 gains 0.02% while the Shanghai Composite Index SSE:000001 slips 0.03%

** Stock up 0.2% YTD

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