Sanan Optoelectronics Announces 2024 Third Quarter Financial Report, with Both Revenue and Net Profit Growing

Sanan Optoelectronics achieved revenue of 4.175 billion yuan in the third quarter of 2024, a year-on-year increase of 13.27%; net profit attributable to the parent company was 63 million yuan, a year-on-year increase of 2278.24%. At the same time, the 8-inch silicon carbide wafer factory jointly built by its wholly-owned subsidiary Hunan Sanan and STMicroelectronics in Chongqing is expected to be put into production within the year and gradually release production capacity.