Times Electric's revenue increased by 27.20% in the first quarter of 2024

The first quarter report of 2024 released by Times Electric shows that the company achieved operating income of RMB 3.925 billion, a year-on-year increase of 27.20%. Among them, the revenue of power semiconductor devices reached RMB 834 million, a year-on-year increase of 22.44%. As a major subsidiary of Times Electric, Times Semiconductor focuses on the research and development and production of power semiconductor devices.