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Chengdu Putian Telecommunications Cable Co., Ltd. Class H ( (HK:1202) ) has issued an update.
Chengdu SIWI Science and Technology Company Limited has issued a profit alert indicating a significant decrease in net profit for the year ended December 31, 2024, compared to the previous year. This decline is primarily due to reduced revenue and profit margins resulting from a downturn in the fiber optics market, leading to a drop in optical fiber prices. The financial figures are based on unaudited management accounts and are subject to adjustments before the final annual results are published in March 2025.
More about Chengdu Putian Telecommunications Cable Co., Ltd. Class H
Chengdu SIWI Science and Technology Company Limited is a sino-foreign joint stock company based in the People’s Republic of China, operating in the telecommunications industry. The company, along with its subsidiaries, focuses on the production and distribution of optical fiber products.
YTD Price Performance: 4.00%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €37.35M
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