BATLAB (02149) announces good news, expected annual net profit is not less than 1.5 billion yuan, a year-on-year increase of not less than 37%.

BATELAB (02149) issued an announcement, expecting the company to achieve revenue of no less than 521 million yuan for the fiscal year ending December 31, 2024 (reporting period), representing an increase of at least 12% from the revenue of approximately 464 million yuan for the fiscal year ending December 31, 2023; and to achieve net profit of no less than 150 million yuan, representing an increase of at least 37% from the net profit of approximately 109 million yuan for the fiscal year ending December 31, 2023. The expected growth in revenue and net profit for the reporting period is mainly attributed to: the company's adherence to independent research and development, continuously improving its semi-automated chip design method based on machine learning for over a decade, training and optimizing circuit design methods at different stages as models, further reducing research and development difficulty, and maintaining competitive differentiation; stable demand for industrial analog chips in the market, continuous introduction of new industrial products by the company driving higher product sales; effective promotion of business development strategies by the company, expanding customer coverage, providing larger and better credit terms to customers with good credit, thereby increasing customers' willingness to place orders and order volume.