C*Core Technology(SH:688262)2024-08-30 09:03Financial Performance - The company's gross margin for the first half of 2024 was 20.21%, a decrease of 3.55 percentage points year-on-year. The gross margin for Q2 was 39.26%, an increase of 27.88 percentage points compared to Q1 [2] - As of June 30, 2024, the total contract liabilities amounted to 633 million CNY, representing a 79.41% increase compared to December 31, 2023, and a 132.14% increase year-on-year [2] Research and Development - The total R&D expenditure reached 144.13 million CNY by June 30, 2024, with Q1 spending at 71.74 million CNY and Q2 at 72.39 million CNY, reflecting a quarter-on-quarter growth of 0.92% [3] - Management expenses for the first half of 2024 totaled 22.63 million CNY, a year-on-year decrease of 7.90%, primarily due to cost-cutting measures [3] Automotive Electronics - By June 30, 2024, the number of projects based on the company's automotive electronic chips reached 126, a year-on-year increase of 125%. The number of mass production projects was 26, up 100% year-on-year [3] - Revenue from automotive electronic chips in the first half of 2024 was 30.01 million CNY, achieving a year-on-year growth of 42.6% [4]