Shanghai Huace Navigation Tech's 2024 Profit Jumps 30%, Operating Income Rises 21%; Shares Up 3%

MT Newswires Live

04/18

Shanghai Huace Navigation Technology's (SHE:300627) net profit attributable to shareholders in 2024 jumped 30% to 583.4 million yuan from 449.1 million yuan in the preceding year, according to a Shenzhen Stock Exchange filing on Friday.

Earnings per share climbed 28% year on year to 1.065 yuan from 0.833 yuan.

The Chinese satellite systems manufacturer's operating income rose 21% to 3.25 billion yuan from 2.68 billion yuan a year earlier, the filing said.

The company's shares jumped more than 3% in recent trade.

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