SIWI SCI & TECH (01202) is expected to see a decrease in shareholders' net profit to around 1.15 million yuan in 2024.

SIWI SCI & TECH (01202) announced that the board of directors expects the company's attributable net profit to be approximately RMB 1.15 million for the year ending December 31, 2024, compared to approximately RMB 2.77 million for the year ending December 31, 2023. The decrease in attributable net profit is mainly due to the decline in the optical fiber market, with a decrease in optical fiber prices leading to a decrease in revenue and profits.