Puya Semiconductor (Shanghai) Co., Ltd. (688766.SH) achieved a net profit of 2.93 billion yuan in 2024, turning losses into profits.

Puya Semiconductor (Shanghai) Co., Ltd. (688766.SH) disclosed its performance report for the year 2024, with the company achieving a total operating income of 1.804 billion yuan, an increase of 60.03% compared to the same period last year; achieving a net profit attributable to the owners of the parent company of 293 million yuan, turning loss into profit; achieving a net profit attributable to the owners of the parent company of 2.7 billion yuan after deducting non-recurring gains and losses; and a basic earnings per share of 2.78 yuan. The announcement shows that in 2024, the semiconductor design industry where the company is situated saw a recovery in prosperity, with market warming up driven by downstream market demand from consumer electronics and other sectors. The company seized the opportunity to continuously enrich and optimize product categories and structures, constantly explore market areas and customer groups, and timely innovate in technology and products according to customer demands. With the gradual implementation of the company's continuous high investment in research and development projects in recent years, the company quickly grasped the market opportunities in new incremental areas and increased the market penetration rate of new products.