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Fourth Electronic Witnesses a 217% YoY Surge in Q3 Net Profit, Driven by Order Growth in Industrial Control and Other Sectors
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Author：小编
In the third quarter, Fourth Electronic reported a remarkable financial performance, with revenue soaring to RMB 857 million, marking a substantial year-on-year (YoY) increase of 59.78%. Its net profit for the same period skyrocketed to RMB 176 million, representing a staggering YoY growth of 217.22% and a notable quarter-on-quarter (QoQ) surge of 201%. The cumulative revenue for the first three quarters of the year stood at RMB 2.090 billion, reflecting a healthy YoY rise of 49.68%, while net profit climbed to RMB 264 million, up by 101.67% YoY. This impressive performance was primarily fueled by a surge in orders across key sectors, including industrial control, automotive electronics, and communications.
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