Soterway (688213.SH) net profit in 2024 was 391 million yuan, a year-on-year growth of 2651.81%.

Soterwei (688213.SH) released its 2024 annual performance quick report, during the reporting period, the company achieved operating income of 5.969 billion yuan, a year-on-year increase of 108.91%; achieving a net profit attributable to the owners of the parent company of 391 million yuan, a year-on-year increase of 2651.81%. The main reason affecting the operating performance during the reporting period is the impact of the main business. During the reporting period, in the field of smartphones, the company's shipments of high-end 50 million pixel products used in flagship smartphones' main, wide-angle, telephoto, and front cameras and high value-for-money 50 million pixel products used in ordinary smartphone main cameras all increased significantly year-on-year. At the same time, the company's cooperation with multiple customers deepened comprehensively, products met more application demands, market share continued to increase, driving a significant growth in operating income in the smartphone field. In the field of intelligent security, the company's newly launched iterative products have better performance and competitiveness, with a significant increase in product sales volume and sales revenue. In the automotive electronics field, the company's shipments of various products used in intelligent driving (including panoramic, surround and front view) and in-car products also increased significantly year-on-year. Therefore, with the substantial increase in revenue scale, the company's profitability has been effectively improved, and the net profit margin has significantly increased.