trending Market Intelligence /marketintelligence/en/news-insights/trending/QLwVxXr22Rcz3pFKr0NENQ2 content esgSubNav
In This List

Sanan Optoelectronics profit misses consensus by 52.7% in Q3

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Sanan Optoelectronics profit misses consensus by 52.7% in Q3

Sanan Optoelectronics Co. Ltd. said its normalized net income for the third quarter came to 7 fen per share, compared with the S&P Capital IQ consensus estimate of 16 fen per share.

EPS decreased 6.4% year over year from 8 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 281.6 million yuan, a decrease of 8.0% from 305.9 million yuan in the prior-year period.

The normalized profit margin climbed to 32.3% from 23.5% in the year-earlier period.

Total revenue totaled 1.31 billion yuan, compared with 1.30 billion yuan in the year-earlier period, and total operating expenses grew on an annual basis to 868.8 million yuan from 851.3 million yuan.

Reported net income increased 41.4% on an annual basis to 542.7 million yuan, or 14 fen per share, from 383.8 million yuan, or 10 fen per share.

As of Oct. 27, US$1 was equivalent to 6.35 yuan.