Hangzhou Changchuan Technology Co. Ltd. Class ASZSE: 300604

Hangzhou Changchuan hits record high on robust earnings estimate

· Issued by Hangzhou Changchuan Technology Co. Ltd. Class A

** Shares of Hangzhou Changchuan Technology SZSE:300604 jump 20% to 80.27 yuan, highest since debut in April 2017

** Shenzhen-listed integrated circuit equipment maker expects net profit for Jan-Sept period to jump 131.39%-145.38% y/y to 827-877 mln yuan ($116.26-$123.29 mln) on robust demand from semiconductor industry

** YTD, stock up 81.9%, CSI 300 Index SZSE:399300 up 13.6%

($1 = 7.1135 Chinese yuan renminbi)

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