Southchip Semiconductor Technology (Shanghai) (688484.SH) achieved a net profit of 303 million yuan in 2024, an increase of 16.02% year-on-year.

Southchip Semiconductor Technology (Shanghai) (688484.SH) released its performance report for the year 2024, achieving an operating income of 2.567 billion yuan, an increase of 44.19% compared to the previous year. The net profit attributable to the owners of the parent company was 303 million yuan, an increase of 16.02% compared to the previous year. This growth was primarily due to the steady expansion and continuous optimization of the company's product matrix, as well as the industry recovery and increased demand in the end market.