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Universal Scientific Industrial (Shanghai) Co. (601231): Q3 profit pressure year-on-year, bullish on the growth momentum of autos electronics + cloud storage.
Event: The company released the Q3 report for 2024. In the first three quarters of 2024, the company achieved revenue of 44.007 billion yuan, a 2.21% increase year-on-year; realized net income of 1.297 billion yuan, a 6.86% decrease year-on-year; achieved deduction.
Oct. 2024 Earnings Presentation
Universal Scientific Industrial(Shanghai)Co., (601231): The performance in the third quarter of 2024 is lower than expected, waiting for the growth opportunities in communication and autos.
The performance in Q3 24 was lower than our expectations. universal scientific industrial(shanghai)co. announced the performance for Q1-Q3 24: revenue of 44.007 billion yuan, a year-on-year growth of 2%, and a net income attributable to the mother of 1.297 billion yuan, a year-on-year decrease of 7%. Corresponding to the single quarter of Q3 24.
Third Quarter Report 2024
universal scientific industrial(shanghai)co., (601231.SH) released its performance for the first three quarters, with a net income of 1.297 billion yuan, a year-on-year decrease of 6.86%.
universal scientific industrial(shanghai)co., (601231.SH) disclosed the third quarter report of 2024, achieving a revenue of 44...
Universal Scientific Industrial(Shanghai)Co.,(601231.SH): The net income for the first three quarters was 1.297 billion yuan, a decrease of 6.86% year-on-year.
On October 29, GruntHui Universal Scientific Industrial(Shanghai)Co., (601231.SH) announced its third quarter report for 2024, with the company's revenue for the first three quarters reaching 44.007 billion yuan, a year-on-year increase of 2.21%; net income attributable to shareholders of the listed company was 1.297 billion yuan, a year-on-year decrease of 6.86%; and basic earnings per share were 0.59 yuan.
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