China's Trigiant Group nine-month revenue rises on core products growth

Overview

• China optical fibre and cable maker's unaudited nine-month revenue rose 41% yr/yr

• Gross profit for nine months nearly doubled, rising 99% yr/yr

• Company says results driven by growth in core products and AI data center investment boom

Outlook

• Company expects momentum of rapid growth in revenue and gross profit to continue

• Trigiant will accelerate optical fibre production capacity to expand profit margins

• Group aims for full-capacity annual optical preform production of 1,000 tonnes

Result Drivers

• CORE PRODUCTS GROWTH - Co said robust growth in traditional core products drove nine-month revenue and gross profit increases

• AI DATA CENTER INVESTMENT - Co attributed results to investment boom in global Artificial Intelligence Data Centers

• ACQUISITION IMPACT - Co said acquisition of Qinghai Trigiant Optical Fibre Technology began contributing to results in late September

Company press release: Full Story

Key Details

Analyst Coverage

• Wall Street's median 12-month price target for Trigiant Group Limited is HK$8.80, about 343.3% above its October 29 closing price of HK$1.99

• The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)