Aurora Optoelectronics Forecasts Return to Profit in 2025

MT Newswires Live01-27

Aurora Optoelectronics (SHA:600666) forecasted 2025 attributable net profit of between 120 million yuan and 160 million yuan, compared with a loss of 171.4 million yuan the previous year.

The turn to profit was due to the recognition of significant investment income following the sale of stakes in Harbin Qiuguang Optoelectronics Technology and Aurora Optoelectronics (Zhengzhou) Investment Management, according to a Tuesday filing with the Shanghai bourse.

Shares of the fiber optic product manufacturer closed 3% lower Tuesday.

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