Leaguer (Shenzhen) Microelectronics Corp. (688589.SH) had a net profit of 84.89 million yuan in 2024, a decrease of 20.57%.

Leaguer (Shenzhen) Microelectronics Corp. (688589.SH) disclosed its unaudited performance report for the year 2024. The company achieved operating income of 549 million yuan, a decrease of 5.24% compared to the same period last year, mainly due to the impact of the bidding and supply rhythm in the smart grid market. The net profit attributable to the owners of the parent company was 84.89 million yuan, a decrease of 20.57% compared to the same period last year. The net profit attributable to the owners of the parent company after deducting non-recurring gains and losses was 76.06 million yuan, a decrease of 18.03% compared to the same period last year, mainly due to the provision for convertible bond interest expenses, reduction in government subsidies, decrease in operating income, and increase in impairment losses. The basic earnings per share was 0.7 yuan.