Actions Technology (688049.SH) net profit in 2024 was 106 million yuan, a year-on-year increase of 62.9%.

Actions Technology (688049.SH) released its performance report for the year 2024, with total revenue of 652 million yuan, a year-on-year increase of 25.34%; net profit attributable to owners of the parent company was 106 million yuan, a year-on-year increase of 62.90%; net profit attributable to owners of the parent company excluding non-recurring gains and losses was 77.5746 million yuan, a year-on-year increase of 51.73%; and basic earnings per share was 0.73 yuan. During the reporting period, the company closely followed the trend of technological development, targeted market demand, adopted active sales strategies, steadily increased the penetration rate of the company's products in top international brands, and promoted stable growth in annual and fourth quarter operating revenue. The company's products performed well, with shipments of the AI processor chip for edge computing continuously increasing due to its advantages of low power consumption and high computing power, leading to a significant increase in sales revenue; low-latency, high-quality wireless audio products continued to ramp up in sales, and the Bluetooth speaker SoC chip series continued to penetrate top audio brands, deepening cooperation with customers. Additionally, the company's product and customer structures were continuously optimized, leading to rapid growth in gross profit and net profit. Both gross profit and net profit in the fourth quarter reached a new high for a single quarter, with net profit attributable to owners of the parent company in the fourth quarter increasing by 93.39% year-on-year.