Qisda reported consolidated revenue of 17.666 billion yuan (US$2.42 billion) for September, reflecting a 2% decline year-on-year but a 5% increase from August. In the third quarter, the company’s cumulative revenue reached 50.798 billion yuan (US$6.95 billion), a modest 1% rise compared to the same period last year, and up 2% from the previous quarter.
Despite revenue growth in the third quarter, Qisda’s cumulative revenue for the first nine months of 2024 totaled 147.6 billion yuan (US$20.2 billion), down 4% year-on-year. However, the company noted improved demand in its core information technology, industrial, and medical business segments, which drove quarter-on-quarter growth.
Qisda’s outlook remains cautiously optimistic, with a focus on these growing sectors to offset broader revenue declines across other areas.
