On August 27, Sanan Optoelectronics Co., Ltd. (Sanan Optoelectronics, 600703.SH) released its 2024 interim report. The company achieved revenue of 7.679 billion yuan in the first half of the year, a year-on-year increase of 18.70%. The net income attributable to shareholders of listed companies was 0.184 billion yuan, an increase of 8.44% YoY. The basic earnings per share was 0.04 yuan. The net value of inventory at the end of the period decreased by 0.122 billion yuan compared to the beginning of the period, with the net value of LED inventory decreasing by 0.178 billion yuan and the net value of integrated circuit inventory increasing by 0.056 billion yuan. The inventory level of the company continues to decline, and the inventory structure continues to improve. The current revenue of the period increased by 18.70% compared to the same period last year, mainly due to the increase in sales revenue of chips and material waste in this period.