Maxio Technology (688449.SH): Net profit for the year ended 2024 was 118 million yuan, an increase of 126.52% year-on-year.

Maxio Technology (688449.SH) released its 2024 annual performance report, reporting a total operating income of 1.174 billion yuan, a year-on-year increase of 13.55%; net profit attributable to the owners of the parent company was 118 million yuan, a year-on-year increase of 126.52%; net profit attributable to the owners of the parent company excluding non-recurring gains and losses was 44.4669 million yuan, a year-on-year increase of 43.21%; basic earnings per share was 0.32 yuan/share. In the 2024 fiscal year, the company's operating income continued to grow, mainly due to: on one hand, the company continued to expand its market, actively developing new customers and maintaining existing customers. At the same time, the consumer electronics market showed a mild recovery trend, with an increase in customer demand, leading to steady growth in the company's data storage control chip business revenue. On the other hand, the company closely followed industry trends, increasing product innovation while continuing to ramp up production of existing products, introducing new products, and enriching the product lineup. The company's AIoT signal processing and transmission chip business achieved significant growth in operating income compared to the previous year.