Bestechnic (Shanghai) Co., Ltd. (688608.SH) achieved a net profit of 460 million yuan in the fiscal year 2024, representing a year-on-year increase of 271.70%.

Bestechnic (Shanghai) Co., Ltd. (688608.SH) released its performance report for the year 2024. In 2024, the wearable market maintained rapid growth, with continuous upgrades in end applications and increasing customer demands for main control chips. The company adhered to its strategy of brand customers and timely launched a series of smart wearable chips such as BES2800, BES2700iBP, and BES2700iMP, which can adapt to various customer needs. The market share in smart Bluetooth headphones and smart watches further increased, leading to a rapid growth in operating income. It is expected that the annual operating income for 2024 will reach 3.263 billion yuan, a year-on-year increase of 49.94%; the net profit attributable to the owner of the parent company is expected to be 460 million yuan, a year-on-year increase of 271.70%. The company achieved all-time high annual revenue and net profit in its history.