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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.
A-share CPO concept stocks are strong, cig shanghai has had two consecutive boards.
Gelonghui November 4th | Cig Shanghai Technology hits double boards, Wenzhou Yihua Connector, T&S Communications, Genew Technologies rose more than 5%, Accelink Technologies, Suzhou TFC Optical Communication, Advanced Fiber Resources, Zhongji Innolight, Eoptolink Technology Inc., and others followed suit. On the news front, the American optical communication chip giant Marvell recently notified customers that it will increase prices across the board starting from January 1st next year. This is attributed to the surging global demand for AI and unprecedented investments in the entire semiconductor supply chain.
Wenzhou Yihua Connector (002897): Achieved high growth in Q3 performance, brackets and connector business continue to improve.
Event: On October 29, 2024, the company released the performance report for the first three quarters of 2024, with a revenue of 4.743 billion yuan, a year-on-year increase of +34.17%; net income attributable to shareholders of 0.232 billion yuan, year-on-year.
Wenzhou Yihua Connector (002897.SZ): Maintains a close cooperation relationship mainly in the field of communication connectors with Huawei.
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
Express News | Wenzhou Yihua Connector: The net income in the first three quarters was 0.232 billion yuan, a year-on-year increase of 130.86%.
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