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Yangtze Optical Electronic Third Quarter 2024 Earnings: CN¥0.14 loss per share (vs CN¥0.067 loss in 3Q 2023)
Yangtze Optical Electronic (SHSE:688143) Third Quarter 2024 Results
Key Financial Results
- Revenue: CN¥46.5m (up 57% from 3Q 2023).
- Net loss: CN¥18.9m (loss widened by 57% from 3Q 2023).
- CN¥0.14 loss per share (further deteriorated from CN¥0.067 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Yangtze Optical Electronic Earnings Insights
Looking ahead, revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Communications industry in China.
Performance of the Chinese Communications industry.
The company's shares are down 4.3% from a week ago.
Risk Analysis
Be aware that Yangtze Optical Electronic is showing 3 warning signs in our investment analysis and 1 of those is a bit unpleasant...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About SHSE:688143
Yangtze Optical Electronic
Engages in the research and development, production, and sale of special optical fibers and cables, photoelectric systems, special optical devices, new materials, high-end equipment, and optoelectronic systems in China.
High growth potential with adequate balance sheet.