Enthusiastic Overseas Contribution by EarlyLight Electronics

Reported 8 months ago

On June 15, 2024, EarlyLight Electronics (3293) opened at 1,130 yuan on the 14th and closed at 1,175 yuan, with a daily increase of 5.38% and trading volume rising to 1,603 shares. EarlyLight Electronics achieved a historical high May revenue of 1.572 billion yuan, marking its first month to surpass 1.5 billion. With current revenue composition, online games account for 37%, while overseas licensing has reached 53%, and commercial gaming machines make up 10%. In May, operating profit was 890 million yuan, with pre-tax earnings also at 890 million yuan, resulting in pre-tax earnings per share of 6.32 yuan. The revenue surge in May for EarlyLight Electronics was mainly attributed to the European market, with steady development also observed in other overseas markets like the United States and Southeast Asia. Analysts predict that once the European market is fully recognized in 2024, it will further boost EarlyLight's revenue and profit to new heights. For more information, refer to the Commercial Times report on Third-Generation Semiconductors, Quanta expanding production, and investments in the U.S., as well as 12 stocks showing gains and persistent foreign buying.

Source: YAHOO

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