BPSemi(SH:688368)2024-04-30 08:14Financial Performance - In 2023, the company achieved a revenue of 1.303 billion CNY, representing a year-on-year growth of 20.74% [3] - The net profit attributable to shareholders was -91 million CNY, while the net profit after deducting non-recurring gains and losses was -146 million CNY [3] - The sales volume of main products increased by 32.21% compared to the previous year [3] Product Sales Breakdown - In 2023, revenue from LED lighting power management chips was 921 million CNY, a slight increase of 1.62% year-on-year [4] - Revenue from AC/DC power management chips reached 190 million CNY, marking a growth of 58.21% [4] - The motor drive and control products generated 161 million CNY in revenue, a significant increase of 624.22% due to the acquisition of Nanjing Lingou Chuangxin Electronics [4] Q1 2024 Performance - For Q1 2024, the company reported a revenue of 319 million CNY, up 20.21% from the same period last year [4] - The net profit attributable to shareholders improved to -29 million CNY, reducing losses by 31 million CNY compared to the previous year [4] Inventory and Margin Recovery - The company has successfully returned inventory levels and product gross margins to normal levels by 2023, following proactive measures taken since Q3 2022 [3] - The gross margin for LED products has increased by 6.95 percentage points compared to the previous year, attributed to improved cost advantages from new technology [5] Future Strategies - The company plans to maintain cost advantages in gross margins through continuous technological improvements and process upgrades [5] - Ongoing advancements in AC/DC power management chips are expected to enhance market presence across various applications, including home appliances and chargers [6]