Will shares' net profit increased significantly in the first three quarters

According to the third quarter report released by Will Semiconductor, the company achieved operating income of 18.908 billion yuan in the first three quarters of 2024, a year-on-year increase of 25.38%, and net profit of 2.375 billion yuan, a year-on-year increase of 544.74%. This growth is mainly due to the recovery of the consumer market and the increase in demand from downstream customers, especially in the high-end smartphone market and the automotive market. The company's products have been widely used in autonomous driving applications. In addition, the optimization of product structure and cost control have also restored the company's product gross profit margin. The comprehensive gross profit margin during the reporting period was 29.61%, an increase of 8.33 percentage points year-on-year.