Lontium(SH:688486)2024-04-23 07:38Group 1: Financial Performance - In Q1 2024, the company achieved a revenue of ¥104,301,247.18, representing a growth of 101.95% compared to the same period last year [2] - The net profit for Q1 2024 was ¥31,009,984.93, showing an increase of 324.85% year-on-year [3] - R&D investment in Q1 2024 amounted to ¥22,388,803.05, which is a 60.85% increase from the previous year, accounting for 21.47% of total revenue [3] - As of the end of Q1 2024, the total assets of the company were ¥1,494,237,674.76 [3] Group 2: Growth Drivers - The significant growth in Q1 2024 was driven by the company's focus on leveraging its technological advantages and market capabilities to expand product applications and deepen collaborations with major clients [3] - Notable growth was observed in various business lines, particularly in automotive electronics, video surveillance, and video conferencing systems [3] Group 3: Automotive Electronics Sector - The rapid growth in the automotive electronics sector is attributed to the widespread application of the company's high-definition bridge chips in vehicle head-up display systems and infotainment systems [3] - The company holds a leading market position in Type-C projection and MIPI signal bridging products, contributing to the fast revenue growth in this sector [3] Group 4: R&D Investment Strategy - The increase in R&D investment by 60% compared to the previous year is primarily due to the addition of 37 new R&D personnel, marking a year-on-year growth of 32.46% [3] - The company plans to further enhance R&D investment in 2024, focusing on high-performance computing and next-generation communication sectors [3]