Xilian Integration (688469.SH) has unveiled its 2024 annual performance forecast, anticipating a revenue of approximately RMB 6.509 billion, marking a robust year-on-year growth of 22.26%. Within this, the core business revenue is expected to reach approximately RMB 6.276 billion, reflecting a significant growth rate of 27.79%. Notably, the company projects its gross margin to turn positive for the entire year for the first time, accompanied by a reduction in net loss attributable to shareholders that is anticipated to surpass 50%. The EBITDA is estimated at approximately RMB 2.119 billion, showcasing a year-on-year increase of 129.08%. Furthermore, the SiC business segment is poised to contribute revenues exceeding RMB 1 billion. As the demand for new energy vehicles continues to surge in 2025, Xilian Integration anticipates that its pioneering advantage in product and technology reserves will become increasingly evident, paving the way for sustained profitability enhancements and the potential to achieve profitability ahead of schedule.
