Guangdong Saiwei Microelectronics Co., Ltd. releases 2024 semi-annual performance forecast

Guangdong Saiwei Microelectronics Co., Ltd. (hereinafter referred to as Saiwei Microelectronics) issued an announcement on July 24, predicting that the company will achieve operating income of approximately RMB 167 million in the first half of 2024, a year-on-year increase of 97%. At the same time, the company expects the net profit attributable to the parent company in the first half of 2024 to be approximately RMB 30.5 million, a year-on-year increase of 570%. In 2023, Saiwei Microelectronics achieved operating income of approximately RMB 249 million, a year-on-year increase of 24.76%; and achieved a net profit of approximately RMB 59.7737 million, a year-on-year increase of 15.26%. In the first quarter of 2024, the company achieved operating income of RMB 63.8944 million, a year-on-year increase of 121.54%; and achieved a net profit of RMB 7.4179 million, a year-on-year increase of 565.72%.