Shengyi Electronics Returns to Profit in 2024

MT Newswires Live03-28

Shengyi Electronics (SHA:688183) returned to profit in 2024 after posting a net profit attributable to shareholders of almost 332.0 million yuan or 0.40 yuan per share, according to a Shanghai Stock Exchange filing on Friday.

The attributable loss a year ago was almost 25 million yuan or 0.03 yuan per share.

The Chinese circuit board products manufacturer's operating income jumped 43% year on year to 4.69 billion yuan from 3.27 billion yuan, the filing said.

The company's shares rose less than 2% in recent trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment