WASION HOLDINGS (03393): Willfar Information Technology (688100.SH) is expected to achieve a net profit attributable to the parent company of approximately 631 million yuan in 2024, an increase of 20.07% year-on-year.

WASION HOLDINGS (03393) announced the performance of Willfar Information Technology (688100.SH) in 2024, with operating income of approximately 2.745 billion yuan, a year-on-year increase of 23.35%; net profit attributable to shareholders of the listed company was approximately 631 million yuan, a year-on-year increase of 20.07%; non-GAAP net profit was approximately 610 million yuan, a year-on-year increase of 24.92%; basic earnings per share were 1.28 yuan, and a cash dividend of 5.2 yuan (tax included) was distributed for every 10 shares. The announcement stated that Willfar Information Technology has achieved significant results in the development of open source, with steady growth in domestic business and exponential growth in overseas business. In 2024, domestic business revenue reached 2.314 billion yuan, a year-on-year increase of 16.40%; overseas business revenue reached 4.21 billion yuan, a year-on-year increase of 85.40%. In 2024, nearly 50 new products and solutions were successfully launched, achieving new product revenue of 1.338 billion yuan, accounting for 49% of total revenue, with AI products accounting for 30% of new product revenue. The development momentum of communication chip and module business is strong, achieving operating revenue of 776 million yuan, a year-on-year increase of 17.95%, accounting for 28.39% of total revenue, becoming the largest single product for Willfar Information Technology. With continuous orders in hand, as of December 31, 2024, Willfar Information Technology had orders in hand of 4.017 billion yuan, a year-on-year increase of 15.35%; during the reporting period, Willfar Information Technology signed new contracts worth 3.718 billion yuan, a year-on-year increase of 7.71%.