Shanghai Bright Power Semiconductor Co., Ltd. (688368.SH) announced a forecasted net loss for the year 2024 of between 24 million and 36 million yuan.

Shanghai Bright Power Semiconductor Co., Ltd. (688368.SH) announced that the company expects to achieve a net loss attributable to the owners of the parent company of 24 to 36 million yuan in 2024, a decrease of 55.26 million to 67.26 million yuan compared to the same period last year, a year-on-year decrease of 60.55% to 73.70%. During the reporting period, the company steadily promoted its LED lighting power chip business, while actively expanding the research and development of products in the "second curve" and market promotion processes, resulting in a significant increase in sales revenue for AC/DC power chips and motor control driver chips. Additionally, the company's high-performance computing power chip products entered the mass production stage, leading to an increase in revenue in 2024. In 2024, the company actively promoted supply chain management, continuously reducing costs and increasing efficiency, resulting in a steady improvement in the company's comprehensive gross profit margin.