Wuxi Chipown Micro-electronics (688508.SH) has released a profit increase forecast, expecting a net profit of 100 million to 120 million yuan in 2024, a year-on-year growth of 68.13% to 101.76%.

Wuxi Chipown Micro-electronics (688508.SH) released its annual performance forecast for 2024, with the company expecting a net profit attributable to owners of the parent company of 1 billion to 1.2 billion RMB, a year-on-year increase of 68.13% to 101.76%; the company also expects a net profit attributable to owners of the parent company, excluding non-recurring gains and losses, of 60 to 80 million RMB, a year-on-year increase of 78.78% to 138.38%.