Goodix Technology expects revenue to reach 2.26 billion yuan in the first half of 2024, a year-on-year increase of 11.8% and turn losses into profits

According to news from this site on July 9, Shenzhen Goodix Technology Co., Ltd. released a performance forecast. It is expected to achieve operating income of 2.26 billion yuan in the first half of 2024, a year-on-year increase of about 11.8%, and a net profit of about 317 million yuan (Note from this site: above The company lost RMB 136 million in the same period last year), turning losses into profits year-on-year. Goodix Technology expects to achieve net profit excluding non-recurring gains and losses attributable to the owners of the parent company of about 274 million yuan in the first half of 2024, an increase of about 439 million yuan compared with the same period last year (-165 million yuan).

During the reporting period, benefiting from the growth in end customer demand, the company's shipments and operating income achieved year-on-year growth. Coupled with the company's product iterations and the decline in wafer costs, product costs were optimized and gross profit margin levels gradually recovered.

Goodix Technology stated that in the first half of 2023, affected by the large overall stocking in 2022 and the termination of TWS project research and development in the second quarter of 2023, large asset impairment provisions were made, but there were no large asset impairments in the first half of this year The impairment situation, coupled with the company's continued control of R&D expenses, sales expenses and administrative expenses, is expected to achieve a year-on-year decrease.

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