GalaxyCore (SH:688728)2025-01-24 09:50Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between 160 million and 200 million CNY, an increase of 111.76 million to 151.76 million CNY compared to the previous year, representing a year-on-year growth of 231.64% to 314.55%[4] - The projected operating revenue for 2024 is between 600 million and 660 million CNY, an increase of 130.28 million to 190.28 million CNY compared to the previous year, reflecting a year-on-year growth of 27.74% to 40.51%[4] - The net profit after deducting non-recurring gains and losses is expected to be between 50 million and 75 million CNY, which may decrease by 1.17 million to increase by 1.33 million CNY compared to the previous year, indicating a year-on-year change of -18.95% to +21.58%[4] Revenue Drivers - The significant increase in revenue is attributed to the rapid rise in shipments of products with 13 million pixels and above, along with the successful mass production of 50 million pixel products[7] - The company has enhanced its R&D expenses significantly, facilitating rapid iteration of high-pixel products and improving market share[8] - The company has received recognition from several well-known consumer electronics brands for its high-pixel single-chip integration technology[7] Previous Year Performance - The previous year's operating revenue was 469.72 million CNY, with a net profit of 48.25 million CNY and a net profit after deducting non-recurring gains and losses of 61.69 million CNY[6] Financial Reporting and Uncertainties - The financial data provided is preliminary and has not been audited by an accounting firm, with final figures to be disclosed in the audited annual report[11] - There are no significant uncertainties affecting the accuracy of the performance forecast[10] Impact of Non-Operating Gains - Non-operating gains and losses primarily impacted net profit due to government subsidies recognized in the current period[9]