Suzhou Novosense Microelectronics (688052.SH) suffered a net loss of 403 million yuan in 2024, with the loss expanding.

Suzhou Novosense Microelectronics (688052.SH) released its 2024 annual performance report. The company's total revenue for 2024 was 1.961 billion yuan, an increase of 49.56% year-on-year. The net loss attributable to the owners of the parent company was 403 million yuan, with the loss widening. The net loss attributable to the owners of the parent company, excluding non-recurring gains and losses, was 455 million yuan, with the loss widening. The basic loss per share was 2.83 yuan. During the reporting period, the company's operating income increased by 49.56% year-on-year, mainly benefiting from steady growth in demand in the downstream automotive electronics sector and continued volume growth in the company's automotive electronics-related products. At the same time, the outlook for the consumer electronics sector continued to improve, and most customers in the industrial automation and digital power sectors of the pan-energy industry resumed normal demand.