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Sanan Optoelectronics Q1 Profit Down 68%, Revenue Slides 33%

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-- Sanan Optoelectronics (SHA:600703) posted first-quarter attributable net profit of 67.5 million yuan, down 68% from 211.9 million yuan the previous year.

Earnings per share declined to 0.01 yuan from 0.04 yuan, according to a weekend filing with the Shanghai bourse.

Operating revenue declined 33% year over year to 2.91 billion yuan from 4.31 billion yuan.

Shares of the software company declined 2% in recent trade.

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