Desay SV Automotive's Q3 Profit Jumps 61% as Revenue Rises 27%

MT Newswires Live

2024/10/31

Huizhou Desay SV Automotive (SHE:002920) reported a 61% year-over-year jump in net profit to 568.4 million yuan in the third quarter, according to a Shenzhen Stock Exchange filing on Thursday.

Earnings per share edged up 63.5% to 1.03 yuan.

The increase came on the back of a 27% jump in revenue to 7.28 billion yuan.

Shares of the automotive electronics product maker were up nearly 3% in recent trade.

Price (RMB): ¥122.46, Change: ¥-1.4, Percent Change: -1.13%

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