Bestechnic (Shanghai) (688608)2025-01-22 10:35Revenue and Profit Projections - The company expects 2024 annual revenue to be between 3,243 million and 3,283 million CNY, representing a year-on-year increase of 49.02% to 50.85% compared to 2,176.28 million CNY in 2023[4]. - The projected net profit attributable to shareholders for 2024 is estimated to be between 450 million and 470 million CNY, reflecting a year-on-year growth of 264.00% to 280.18% from 123.63 million CNY in 2023[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 384 million and 404 million CNY, indicating a significant year-on-year increase of 1,242.08% to 1,311.98% from 28.61 million CNY in 2023[4]. Gross Margin and Expenses - The company's overall gross margin for 2024 is projected to be around 34.70%, an increase of 0.5 percentage points compared to the previous year[9]. - Research and development expenses for 2024 are estimated to be approximately 621 million CNY, a year-on-year increase of about 12.93%[9]. - The sales gross margin has shown a quarterly improvement, with figures of 32.93%, 33.39%, 34.68%, and 37.70% for the first to fourth quarters of 2024, respectively[9]. Strategic Focus and Product Development - The company plans to continue focusing on core technology development for ultra-low power wireless SoC chips and capitalize on new opportunities in edge AI development[9]. - The company has launched a series of smart wearable chips, including BES2800 and BES2700iBP, to meet diverse customer needs and enhance market share in smart Bluetooth earphones and smart watches[8]. Forecast Accuracy and Reporting - The company has not identified any significant uncertainties that could affect the accuracy of this earnings forecast[10]. - The data provided is preliminary and subject to confirmation in the official 2024 annual report[12].