Chengdu Sino-Microelectronics Tech. (688709.SH) issued a profit warning, with an expected net profit of 108 million to 132 million yuan in 2024, a year-on-year decrease of 57.57% to 65.28%.

Chengdu Sino-Microelectronics Tech. (688709.SH) announced that it is expected to achieve a net profit attributable to the owners of the parent company of 108 million to 132 million yuan in the fiscal year 2024. Compared with the same period of the previous year, it will decrease by 179.0653 million to 203.0653 million yuan, a year-on-year decrease of 57.57% to 65.28%. It is expected that the net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, in the fiscal year 2024 will be 66.33 million to 90.33 million yuan. Compared with the same period of the previous year, it will decrease by 186.342 million to 210.342 million yuan, a year-on-year decrease of 67.35% to 76.03%. The company's products are mainly used in the fields of electronics, communication, control, measurement, and other specialty industries. Due to the impact of the domestic specialty industry cycle, there has been some fluctuation in the product demand of downstream customers in the specialty integrated circuit industry, leading to a reduction in the company's sales revenue. The company continues to advance its product technology research and development and reserves, deeply tapping into the market and customer resources, but the performance is still affected and impacted in the short term.