Nexchip Semiconductor Corporation (688249.SH): Net profit for the fiscal year 2024 increased by 151.67% to 533 million yuan, with production capacity utilization maintaining at a high level.

Nexchip Semiconductor Corporation (688249.SH) released the 2024 annual performance report announcement. During the reporting period, the company achieved operating income of 9.249 billion yuan, a year-on-year increase of 27.69%; net profit attributable to shareholders of the listed company was 533 million yuan, a year-on-year increase of 151.67%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 396 million yuan, a year-on-year increase of 739.72%; basic earnings per share were 0.27 yuan/share. During the reporting period, the company actively focused on its core business, closely followed the development trends within and outside the industry, and continued to expand the application areas and develop high-end products while consolidating its existing products. At the same time, the company continued to expand domestic and foreign markets, continually improving operational efficiency and management level, and steadily increasing the market penetration rate of its products. In 2024, the company had sufficient orders, maintained high overall capacity utilization, achieved double growth in operating income and net profit, and maintained a stable development trend in its business. In addition, the company maintained high overall capacity utilization, unit selling costs decreased, and the company's comprehensive gross profit margin is expected to be 25.56%, an increase of 3.95 percentage points compared to the same period last year.