Xinlian Integrated Circuit's first half performance forecast: revenue, EBITDA and net profit all achieved high growth

On July 12, 2024, Xinlian Integrated Circuit released its performance forecast for the first half of 2024. The report shows that the company's operating performance continues to maintain a high growth momentum, indicating that the company's operating quality is steadily improving. Specifically, the company's revenue, EBITDA (earnings before interest, taxes, depreciation and amortization), net profit and other key financial indicators have achieved high growth in the first half of 2024. It is estimated that the revenue in the first half of 2024 will be about 2.88 billion yuan, a year-on-year increase of 14.27%; the main business income is about 2.768 billion yuan, a year-on-year increase of about 11.51%; it is expected that the net profit attributable to the owners of the parent company in the first half of 2024 will be about -439 million yuan, compared with the same period last year, the loss will be reduced by about 670 million yuan, and the loss will be reduced by about 60.43% year-on-year; the company expects the EBITDA (earnings before interest, taxes, depreciation and amortization) in the first half of 2024 to be about 1.134 billion yuan, an increase of about 727 million yuan compared with the same period last year, a year-on-year increase of about 178.45%.