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The Total Return for Wenzhou Yihua Connector (SZSE:002897) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
Tianfeng: New AI momentum drives industry growth acceleration, bullish on the communication industry to continue high prosperity and accelerate growth each quarter.
In terms of net income, the overall net income of communications equipment in Q3 2024 increased by 18% year-on-year, a significant reversal compared to the -16% in Q3 2023, reflecting a rapid recovery in industry profitability amid the transition between old and new driving forces.
Are Robust Financials Driving The Recent Rally In Wenzhou Yihua Connector Co., Ltd.'s (SZSE:002897) Stock?
Wenzhou Yihua Connector (002897.SZ): Mainly maintains close cooperation with Huawei in the field of communication connectors.
Gelonghui October 31st | Wenzhou Yihua Connector (002897.SZ) stated on the investor interaction platform that the company mainly maintains a close cooperative relationship with Huawei in the field of communication connectors.
Yihua Co., Ltd.: Report for the third quarter of 2024
wenzhou yihua connector (002897.SZ): net income of 0.232 billion yuan in the first three quarters, a year-on-year increase of 130.86%.
On October 29, Gelonhui reported that Wenzhou Yihua Connector (002897.SZ) disclosed its third quarter report for 2024, achieving revenue of 4.743 billion yuan in the first three quarters, a year-on-year increase of 34.17%; net income attributable to shareholders of listed companies was 0.232 billion yuan, a year-on-year increase of 130.86%; net profit excluding non-recurring gains and losses attributable to shareholders of listed companies was 0.216 billion yuan, a year-on-year increase of 136.07%; and basic earnings per share was 1.27 yuan.
Earnings Tell The Story For Wenzhou Yihua Connector Co., Ltd. (SZSE:002897)
