Smartsens Technology (Shanghai) (SH:688213)2024-04-16 09:50Revenue Forecast - The company expects Q1 2024 revenue to be between 800 million and 880 million CNY, an increase of 345.66 million to 425.66 million CNY compared to the same period last year, representing a growth rate of 76% to 94%[1]. - The company reported Q1 2023 revenue of 454.34 million CNY and a net loss attributable to the parent company of 25.68 million CNY[2]. Profit Forecast - The projected net profit attributable to the parent company for Q1 2024 is between 10 million and 15 million CNY, an increase of 35.68 million to 40.68 million CNY year-over-year[1]. - The expected net profit attributable to the parent company after deducting non-recurring gains and losses for Q1 2024 is between 15 million and 20 million CNY, an increase of 39.80 million to 44.80 million CNY compared to the previous year[1]. Market Performance - The company has seen increased sales in the smart security sector due to market recovery and improved product performance, leading to higher revenue[2]. - In the smartphone sector, the company has successfully opened a second growth curve with increased shipments of high-end 50 million pixel products, resulting in significant revenue growth[2]. - The company has improved its sales gross margin due to enhanced R&D efficiency and cost management capabilities[2]. Forecast Reliability - The performance forecast is based on preliminary calculations by the company's finance department and has not been audited by a registered accounting firm[1]. - The company has not identified any significant uncertainties that could affect the accuracy of the performance forecast[2]. - Investors are advised to pay attention to investment risks as the forecast data is preliminary and subject to change upon the official Q1 2024 report release[2].