Actions(SH:688049) Chang Jiang Shang Bao·2025-04-01 00:39Core Insights - The company, Juchip Technology, reported a revenue of 652 million yuan for 2024, representing a year-on-year growth of 25.34%, and a net profit of 107 million yuan, up 63.83% from the previous year [1][2] - The growth is attributed to the successful launch of popular products in the Bluetooth speaker chip market and an increase in the sales proportion of high-margin products [1][3] - The company has maintained a high level of R&D investment, with total R&D expenditure reaching 753 million yuan from 2020 to 2024, and a record R&D expense ratio of 32.98% in 2024 [1][5] Financial Performance - The net profit excluding non-recurring items for 2024 was 79 million yuan, reflecting a growth of 53.65% [2] - In Q4 2024, the company achieved a revenue of 185 million yuan, a year-on-year increase of 28.7%, and a net profit of 35.67 million yuan, up 96.7% [2][3] - The overall gross margin for 2024 reached 48.22%, an increase of 4.49 percentage points compared to the previous year [3] Product Development - Juchip Technology focuses on low-power AIoT chip design, with its main products being mid-to-high-end smart audio SoC chips [2][4] - The company’s AI processor chips saw a revenue increase of 141.08%, reaching 81.99 million yuan, while the smart wireless audio SoC chip series generated 486 million yuan, accounting for 74.54% of total revenue [3] - The company plans to launch the second generation of its MMSCIM chip in 2025, which will have three times the performance of the first generation [5] R&D Investment - R&D investment increased by 30.06% in 2024, totaling 215 million yuan, with a focus on core technology development in AI and wireless communication [5][6] - The company has a total of 337 global patents, including 300 invention patents, and has expanded its R&D team to 266 members, representing 73.08% of the total workforce [5][6]