Maxscend Microelectronics (300782.SZ) issued a profit warning, expecting a decrease of 56.07% to 66.14% in net profit for the full year of 2024 to be 380 million yuan to 493 million yuan.

Maxscend Microelectronics (300782.SZ) released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 380 million to 493 million yuan, a year-on-year decrease of 56.07% to 66.14%. During the reporting period, the impact of non-recurring gains and losses on the net profit attributable to the company's shareholders amounted to approximately 16.0556 million yuan. In 2024, the RF front-end chip industry chain is still in a period of seeking a balance between inventory levels and market demand stability. In the first half of the year, the company continued to consolidate and improve its market share of existing competitive products while actively expanding the market for RF module products. In the second half of the year, due to conservative downstream demand trends and more stable inventory strategies at the end, signs of weak and busy seasons in the RF front-end market were not evident. The company leveraged its efficient resource platform business model to actively expand the market coverage of filter products, assisting in the deepening expansion of the company's module product business and effectively combating the pressures brought about by various external factors. During the reporting period, the company expects operating income to be 4.491 billion yuan, an increase of approximately 2.59% compared to the same period last year, with a net profit attributable to shareholders of the listed company decreasing by approximately 66.14% to 56.07% compared to the same period last year. The main reasons for this decrease are: (1) To accelerate the implementation of its strategies, Maxscend continuously increased its research and development investment and talent reserves, leading to an increase in R&D expenses during this reporting period; (2) Due to changes in product structure, the conversion of fixed assets by Maxscend, and market competition factors, the gross profit margin decreased compared to the same period last year.