Wuxi Chipown Micro-electronics (688508.SH) reported a net profit of 111 million yuan for the year 2024, an increase of 87.19% year-on-year.

Wuxi Chipown Micro-electronics (688508.SH) released its 2024 annual performance report. During the reporting period, the company achieved operating income of 965 million yuan in 2024, an increase of 23.61% compared to the same period last year; it achieved a net profit attributable to the owners of the parent company of 111 million yuan, an increase of 87.19% compared to the same period last year. Main factors affecting operating performance: The company has always focused on the power semiconductor market, with high-voltage AC-DC as the entry point. In 2024, it vigorously promoted high/low voltage driver chips, digital power chips, intelligent power devices, and module revenue, with a year-on-year growth of over 60%; meeting customers' deep demand for "PowerSemiTotalSolution," jointly creating innovative high-integration semiconductor products and solutions, and enhancing customers' competitiveness in the whole machine.