Hangzhou Lion Microelectronics (605358.SH) expects to incur a net loss of approximately 255 million yuan in 2024.

Hangzhou Lion Microelectronics (605358.SH) announced that it is expected to achieve operating income of approximately 3,093 million yuan in 2024, an increase of approximately 4,033 million yuan compared to the same period last year, representing a year-on-year growth of around 15%. Of this, the main operating income is expected to be around 3,064.5 million yuan, a year-on-year increase of about 14.87%. It is expected to incur a net loss of approximately 255 million yuan attributable to shareholders of the listed company, a decrease of approximately 3,207.525 million yuan compared to the same period last year, representing a year-on-year decrease of around 487.82%. The expected net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be a loss of approximately 255 million yuan, an increase in loss of approximately 1,494.756 million yuan compared to the same period last year, representing a year-on-year increase in loss of around 141.65%. During the reporting period, thanks to the rebound in the semiconductor industry's prosperity and the company's strengthened market expansion and product structure adjustments, the company's main product sales volume achieved a significant increase year-on-year. The sales volume of 6-inch semiconductor wafers is approximately 15.1417 million pieces (including 2.189 million pieces for Hangzhou Lion Microelectronics' parent company), a year-on-year increase of about 53.82%. The sales volume of 12-inch wafers is approximately 1.103 million pieces (equivalent to about 4.4119 million pieces of 6-inch wafers), a year-on-year increase of about 121.23%; the sales volume of semiconductor power device chips is approximately 1.824 million pieces, a year-on-year increase of about 6.30%; the sales volume of compound semiconductor RF chips is approximately 40,000 pieces, a year-on-year increase of about 123.04%.