Shanghai Bright Power Semiconductor Co., Ltd. (688368.SH) reported a net loss of 33.05 million yuan in the fiscal year 2024, narrowing its loss.

Shanghai Bright Power Semiconductor Co., Ltd. (688368.SH) released its 2024 interim report, with total operating income of 1.504 billion yuan, a year-on-year increase of 15.38%; net loss attributable to the owners of the parent company was 33.0513 million yuan, a decrease in loss; net loss attributable to the owners of the parent company excluding non-recurring gains and losses was 9.0095 million yuan, a decrease in loss; basic loss per share was 0.38 yuan. During the reporting period, the company actively and effectively promoted supply chain management, adjusted production plans flexibly based on market forecasts, controlled inventory levels reasonably, reduced provision for price declines, and decreased impairment losses on assets year-on-year. During the reporting period, due to the impact of changes in fair value of financial instruments held, provision of corresponding investment losses, and one-time recognition of share-based payment expenses, non-recurring gains and losses decreased significantly compared to the same period last year, resulting in a significant difference in net profit attributable to the owners of the parent company and net profit attributable to the owners of the parent company excluding non-recurring gains and losses.