The concentration of basic semiconductor customers continues to increase

During the reporting period, revenue from the top five customers accounted for 32.2%, 46.4% and 63.1% of the company's total sales, respectively. In this regard, Basic Semiconductor said that the company's main customers include automakers and their first-tier suppliers, as well as high-tech companies focusing on new energy technologies. Market participants in the industry in which the company operates often have a high degree of customer concentration. In 2022, 2023 and 2024, Basic Semiconductor achieved revenues of approximately RMB 117 million, RMB 221 million and RMB 299 million, respectively, with a compound annual growth rate of 59.9%. During the same period, the annual losses were approximately RMB 242 million, RMB 342 million and RMB 237 million, respectively, with a cumulative loss of RMB 821 million.