Amlogic(688099)2025-01-20 12:05Financial Projections - The company expects 2024 annual revenue to be approximately CNY 5.92 billion, an increase of about CNY 549.06 million, representing a year-on-year growth of approximately 10.22%[2] - The projected net profit attributable to the parent company for 2024 is around CNY 820 million, an increase of about CNY 322.96 million, reflecting a year-on-year growth of approximately 64.65%[2] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be about CNY 740 million, an increase of approximately CNY 355.25 million, indicating a year-on-year growth of approximately 92.33%[2] - The company achieved a revenue of CNY 5.37 billion in 2023, with a net profit of CNY 498.04 million[3] Research and Development - The company’s R&D expenses for 2024 are approximately CNY 1.35 billion, an increase of about CNY 69 million compared to the previous year, with cumulative R&D expenses over the past three years reaching approximately CNY 3.82 billion[7] Product Performance - The S series products have secured the largest share in domestic operator tenders, while the T series sales increased by over 30% year-on-year, expanding market share significantly[6] - The W series sales exceeded 14 million units in 2024, marking a cumulative sales figure of over 30 million units since its launch in 2020[6] - The company has launched multiple strategic new products, including the 6nm chip S905X5 series and the 8K chip S928X, which have received significant orders from both domestic and international operators[8] Operational Efficiency - The company anticipates continued improvement in operational efficiency, with a gross margin of 35.37% in the first half of 2024 and 37.59% in the second half[9] - The company has identified 2024 as the "Year of Operational Efficiency Improvement," with ongoing initiatives expected to enhance operational performance further in 2025[9]