Revenue Growth - The company's revenue increased by 42.1% from RMB 204.4 million for the six months ended June 30, 2023, to RMB 290.6 million for the six months ended June 30, 2024[1]. - Revenue from customer contracts for the sale of simulation IC wafers reached RMB 290,554,000, up from RMB 204,422,000 in the previous period[10]. - For the six months ended June 30, 2024, the company achieved revenue of RMB 290.6 million, representing a year-on-year increase of 42.1% with a gross margin of 51.3%[28]. - Revenue from power management products was RMB 256.5 million, accounting for 88.3% of total revenue, while signal chain products generated RMB 34.1 million, making up 11.7%[30]. - Revenue from power management products rose by 42.8% from RMB 179.6 million to RMB 256.5 million, attributed to new product launches and increased customer demand[31]. - Revenue from signal chain products increased by 37.2% from RMB 24.8 million to RMB 34.1 million, benefiting from new product introductions and downstream demand growth[31]. - Sales to distributors grew by 55.4% from RMB 168.2 million to RMB 261.4 million, due to steady procurement increases from major distributors and the addition of new distributors[31]. Profitability - Gross profit increased by 31.9% from RMB 112.9 million to RMB 149.0 million, with a gross margin decrease from 55.2% to 51.3%[2]. - Profit before tax rose by 46.3% from RMB 45.9 million to RMB 67.1 million, mainly due to the substantial increase in sales revenue[3]. - The company's net profit for the period also increased by 46.3% from RMB 45.9 million to RMB 67.1 million[3]. - The adjusted net profit for the six months ended June 30, 2024, was RMB 67,116,000, an increase from RMB 56,644,000 for the same period in 2023, representing a growth of 18.8%[45]. - Other income and net gains surged by 202.8% from RMB 5.6 million to RMB 17.1 million, primarily from increased interest income and foreign exchange gains[36]. Expenses and Costs - Sales cost rose by 54.7% from RMB 91.5 million to RMB 141.6 million, primarily due to the significant increase in sales revenue during the reporting period[2]. - Research and development expenses grew by 23.3% from RMB 57.4 million to RMB 70.8 million, driven by the expansion of business scale and continuous improvement in profitability[3]. - Financing costs rose by 88.2% from RMB 1.8 million to RMB 3.4 million, mainly due to an increase in short-term bank loans[40]. - Employee costs increased to RMB 21,831,000 from RMB 26,784,000, with research and development expenses rising to RMB 70,812,000 from RMB 57,411,000[15]. Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 1,264.4 million, compared to RMB 1,166.3 million as of December 31, 2023[6]. - The company's net asset value increased to RMB 905.3 million as of June 30, 2024, from RMB 838.2 million as of December 31, 2023[7]. - Trade receivables increased to RMB 130,230,000 as of June 30, 2024, compared to RMB 61,257,000 at the end of 2023[17]. - Trade and other payables amounted to RMB 239.3 million as of June 30, 2024, down from RMB 248.5 million as of December 31, 2023[24]. - The total outstanding bank loans increased from RMB 171.6 million as of December 31, 2023, to RMB 241.8 million as of June 30, 2024, primarily to support operational funding needs[56]. Corporate Governance and Dividends - The board of directors did not recommend the distribution of an interim dividend for the six months ended June 30, 2024[3]. - The company has complied with all applicable corporate governance codes and regulations during the reporting period, ensuring high standards of corporate governance practices[72]. - The interim results announcement has been published on the company's website and the Hong Kong Stock Exchange website[76]. Strategic Focus and Development - The company focused on high-end industrial-grade analog IC wafer business, expanding its customer base in the new energy vehicle sector[27]. - The company continues to expand its technology advantages through self-developed EDA tools and a rich IP library[29]. - The company plans to enhance its R&D capabilities by establishing a backend process R&D center to improve efficiency and reduce costs in new product development[70]. - The company aims to strengthen its core capabilities and accelerate new product R&D and EDA tool upgrades to enhance market share and sustainable development benefits for shareholders[71].
贝克微(02149) - 2024 - 中期业绩