Three-circle Group reports strong 2024 preliminary results

Chaozhou Three-Circle Group (SZSE:300408) announced its preliminary financial results for 2024, revealing substantial growth in key financial metrics. The company projects total revenue of ¥7.38 billion, a 28.88% increase year-over-year, and an operating profit of ¥2.53 billion, representing a 42.42% rise. Net profit attributable to shareholders is expected to reach ¥2.19 billion, up 38.78% compared to the previous year. The company's basic earnings per share increased to ¥1.14. At the end of the reporting period, total assets reached ¥23.94 billion. The increase was attributed to the recovery in areas like optical communication, and consumer electronics boosting product demand. The company noted successful technical and market breakthroughs in its MLCC products.