Chengdu SIWI Science and Technology's 2024 Profit Forecast to Plunge; Shares Up 7%

MT Newswires Live

2025/02/26

Chengdu SIWI Science and Technology (HKG:1202) expects an attributable profit of almost 1.2 million yuan for 2024, down from nearly 2.8 million yuan a year prior, a Tuesday filing with the Hong Kong bourse said.

The fiber optic cable manufacturing company attributed the lower anticipated profit mainly to a decline in revenue due to a drop in optical fiber prices.

Shares of the company were up nearly 7% in recent trade.

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