Chaozhou Three-Circle (Group) (300408.SZ): Net profit is expected to increase by 38.78% to 2.194 billion yuan in 2024, with continuous growth in demand for optoelectronic components.

Chaozhou Three-Circle(Group) (300408.SZ) released its 2024 annual performance report, reporting that the company achieved operating income of 7.38 billion yuan during the reporting period, a year-on-year increase of 28.88%; net profit attributable to the owners of the parent company was 2.194 billion yuan, a year-on-year increase of 38.78%; net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 1.934 billion yuan, a year-on-year increase of 58.40%; basic earnings per share was 1.14 yuan/share. The main reasons for the company's increase in revenue and profit during the reporting period are as follows: the fields of optical communication and consumer electronics are showing signs of recovery, driving growth in demand for the company's main business products. In particular, the company's MLCC products continue to achieve technological and market breakthroughs, its brand's core competitiveness is gradually improving, and sales have increased significantly year-on-year; benefited from the accelerated construction of global data centers, demand for optical component products continues to grow, and sales of the company's optical fiber ceramic connectors and related products have increased year-on-year.