MEMSensing unveiled its 2024 financial outlook on January 18, projecting annual operating revenue to reach between RMB 480 million and RMB 510 million, marking an impressive year-on-year growth of 28.8% to 36.85%. Despite the company expecting to continue reporting a net loss attributable to the owners of the parent company, the anticipated loss range is forecast to narrow substantially, from RMB 45 million to RMB 30 million, signifying a reduction in losses by 55.82% to 70.54% compared to the previous year. Furthermore, after adjusting for non-recurring gains and losses, the net profit is anticipated to fall within a loss range of RMB 44 million to RMB 29.5 million.
