Smartsens Technology (Shanghai) (SH:688213)2024-08-27 09:38Financial Performance - In the first half of 2024, the company achieved a revenue of 245,688.95 million yuan, representing a year-on-year increase of 129.04% [3] - The net profit attributable to shareholders was 14,980.12 million yuan, an increase of 21,614.00 million yuan compared to the previous year [3] Business Growth Drivers - The growth in revenue and net profit was driven by the recovery in market demand and the launch of upgraded products in the smart security sector, which saw a revenue increase of 50.36% [4] - In the smartphone sector, the high-end 50 million pixel products significantly boosted revenue, with a year-on-year growth of 295.46% [5] R&D and Innovation - The company invested a total of 19,867.55 million yuan in R&D in the first half of 2024 [6] - As of June 30, 2024, the company held 98 overseas patents, 110 domestic invention patents, and 234 domestic utility model patents [6] Future Strategy - The company aims to maintain R&D investment, optimize its product matrix, and enhance product performance and user experience [6] - Plans to expand cooperation with core customers and explore new market opportunities to strengthen its position in smart security, smartphones, and automotive electronics [6]