Shenzhen Techwinsemi Technology (001309.SZ) expects a net profit of 340 million to 400 million yuan in 2024, an increase of more than 10 times, with a significant increase in research and development expenses.

Shenzhen Techwin semi-Technology (001309.SZ) announced that the company expects a net profit attributable to shareholders of listed companies of 340 million to400 million yuan in 2024, a year-on-year increase of 1260.08% to 1500.10%; the net profit after deducting non-recurring gains and losses is expected to be 294 million to 354 million yuan, a year-on-year increase of 1868.31% to 2270.00%; and the operating income is expected to be 4.5 billion to 5 billion yuan, a year-on-year increase of 153.39% to 181.55%. The company continues to focus on its core storage business, attaches great importance to research and development innovation, continuously expands its product layout and optimizes its product structure, and basically achieves full coverage of the storage module categories with solid-state drives, embedded storage, memory products, and mobile storage as the main series. During the reporting period, the company continued to increase its market expansion efforts, with some products successfully entering the market and passing customer verification, significantly increasing business scale and profit levels. During the reporting period, the company continued to increase its research and development investment and talent reserves, leading to a significant increase in research and development expenses. The R&D expenses for 2024 are expected to be approximately 203.14 million yuan, compared to 108.01 million yuan in the same period last year.