Suzhou Oriental Semiconductor (688261.SH) issued a profit warning, with estimated net profit for 2024 ranging from 32 million to 47 million yuan, a year-on-year decrease of 66.43% to 77.15%.

Suzhou Oriental Semiconductor (688261.SH) announced that the company is expected to achieve a net profit attributable to the owners of the parent company of 32 to 47 million yuan in 2024, a decrease of 93.025 to 108.025 million yuan compared to the same period last year (statutory disclosure data), a year-on-year decrease of 66.43% to 77.15%. During the reporting period, affected by the uncertainty of global economic growth and the intensification of the competitive landscape, the company's product sales prices decreased compared to the same period last year. At the same time, the company actively optimized its product portfolio strategy, conducted process platform iteration and upgrades, and continued to increase market expansion efforts. The sales volume of the company's main product, high-voltage super junction MOSFET, continued to increase year-on-year during the reporting period. The company's overall sales scale also increased compared to the same period last year, but due to the decrease in product sales prices, the company's gross profit margin declined, leading to a weakening of the company's profitability.