Guoguang Electric's Q2 net profit increased by over 159% QoQ, with speakers and amplifiers being the main source of revenue. Interpretations of the financial report.
Guoguang Electric's net income increased by more than 60% year-on-year in the first half of this year, and audio speakers accounted for more than 80% of revenue. The company stated that the increase in H1 revenue was due to the increase in revenue from audio and sound business. Its Q2 2024 net income increased by 159% compared to the previous quarter. A person from Guoguang Electric's securities department said that the second and third quarters are usually the company's peak season.
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