Shanghai New Vision Microelectronics (688593.SH) reported a net profit of 8.4231 million yuan in 2024, a year-on-year decrease of 69.41%.

Shanghai New Vision Microelectronics (688593.SH) disclosed its 2024 interim report, with the company achieving a total operating income of 507 million yuan, an increase of 5.61% year-on-year; achieving a net profit attributable to the owners of the parent company of 8.4231 million yuan, a decrease of 69.41% year-on-year; achieving a net loss of 3.6921 million yuan attributable to the owners of the parent company after deducting non-recurring gains and losses. During the reporting period, although the semiconductor display industry saw an improvement in market conditions, competition remained fierce, and some products used in the consumer electronics sector faced price pressure, leading to a decrease in gross profit margin and a reduction in net profit compared to the same period last year.