Shanghai V-Test Semiconductor Tech (688372.SH) posted a net profit of 128 million yuan in 2024, an increase of 8.84% year-on-year.

Shanghai V-Test Semiconductor Tech. (688372.SH) released its 2024 annual performance report. The company's total revenue for 2024 was 1.077 billion yuan, a year-on-year increase of 46.21%; the net profit attributable to the owners of the parent company was 128 million yuan, an increase of 8.84% year-on-year; the net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 108 million yuan, a year-on-year increase of 19.39%; and the basic earnings per share were 1.13 yuan. Based on the recognition of the future development prospects of the integrated circuit industry and to meet the growing testing needs of customers, the company adopted a forward-looking counter-cyclical expansion strategy in 2023. In 2024, the company continued to increase its capacity and research and development investment in "high-end chip testing" and "high-reliability chip testing", focusing on the testing services in the fields of high computational chips, advanced architecture and packaging chips, and high-reliability chips. Benefiting from the overall improvement in the integrated circuit industry's prosperity and the increase in market demand for testing, the company's capacity utilization rate continued to rise, with a significant increase in the proportion of high-end product testing business, and the company's operating income in 2024 reached a historic high.