Espressif Systems(SH:688018)2025-01-15 10:37Revenue and Profit Forecast - The company expects 2024 annual revenue to be between 1,985 million and 2,015 million RMB, representing a year-on-year increase of 39% to 41%[3] - Net profit attributable to the parent company is projected to be between 300 million and 340 million RMB, an increase of 120% to 150% year-on-year[3] - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between 280 million and 320 million RMB, reflecting a year-on-year increase of 157% to 194%[3] - The previous year's revenue was 1,433.06 million RMB, with a net profit of 136.20 million RMB[4] Growth Drivers - Revenue growth is driven by increased digitalization and smart technology penetration across various industries, with core application markets growing over 30%[5] - The company follows a 2D2B business model, focusing on long-term digital upgrades rather than short-term explosive growth from specific industries[5] - The company has developed a strong developer ecosystem, enhancing its brand influence globally and expanding IoT market opportunities[5] Financial Reporting and Auditing - The performance forecast has not been audited by a registered accountant and is based on preliminary calculations by the finance department[8] - Investors are advised that the forecast data is preliminary and the final audited financial data will be disclosed in the 2024 annual report[9] R&D and Margins - The company's gross margin remains above 40%, with R&D expenses increasing by 20% to 25% year-on-year[6]