Sanan Optoelectronics announces third quarter financial report for 2024, with both revenue and net profit increasing

Sanan Optoelectronics achieved significant financial growth in the third quarter of 2024, with revenue reaching 4.175 billion yuan, a year-on-year increase of 13.27%, while net profit attributable to the parent company was 63 million yuan, a year-on-year surge of 2278.24%. Although the non-net profit attributable to the parent company was -63 million yuan, the company's performance in the silicon carbide business is still outstanding. The joint venture project with STMicroelectronics in Chongqing is expected to be completed in November this year and will begin to gradually release production capacity. .