Xinlian Integrated Circuit's 2024 first half performance report: operating income increased by 14.27% year-on-year, and losses decreased by 57.53% year-on-year

Xinlian Integration performed well in the first half of 2024, with operating income reaching 2.88 billion yuan, a year-on-year increase of 14.27%. Mainly benefiting from the recovery of demand in the new energy vehicle and consumer markets, the company's revenue from newly built production lines has grown rapidly. The company's new energy vehicle business segment revenue accounted for 48%, and the consumer business segment revenue accounted for 34%, a year-on-year increase of 107%. The company's R&D investment was 869 million yuan, a year-on-year increase of more than 33%. The company's power module products have been widely used in the automotive field, with an installed capacity of more than 590,000 sets.