Bestechnic (Shanghai) (688608)2024-07-14 07:34Revenue Expectations - The company expects to achieve approximately 1.531 billion CNY in revenue for the first half of 2024, representing a year-on-year increase of about 68.24%[15] - The second quarter of 2024 is projected to generate approximately 878 million CNY in revenue, reflecting a year-on-year growth of about 66.76%[15] - The growth in revenue is primarily driven by increased demand in the smart wearable and smart home sectors, as well as the launch of new products and customers in the smart watch and band market[4] Profit Projections - The estimated net profit attributable to the parent company for the first half of 2024 is around 148 million CNY, an increase of approximately 199.68% compared to the same period last year[11] - The net profit after deducting non-recurring gains and losses is estimated to be approximately 112 million CNY, which is an increase of about 1873.29% year-on-year[16] Gross Profit Margin - The gross profit margin for the second quarter is expected to be around 33.40%, showing a quarter-on-quarter improvement[4] Production and Product Development - The company has successfully achieved mass production and shipment of its new generation smart wearable chip, BES2800[4] Performance Forecast and Reporting - There are currently no significant uncertainties affecting the accuracy of this performance forecast[5] - The data provided is preliminary and subject to confirmation in the official half-year report[6] - The company will continue to disclose its operating performance in accordance with annual performance disclosure standards[17]