Allwinner Technology has unveiled its anticipated performance figures for 2024, forecasting a net profit ranging from RMB 153 million to RMB 190 million, signifying a year-on-year (YoY) increase of 566.29% to 727.42%. When excluding non-recurring gains and losses, the net profit is projected to stand between RMB 110 million and RMB 145 million, reflecting an astonishing YoY jump of 1456.05% to 1951.15%. Throughout the reporting period, Allwinner Technology demonstrated agility in adapting to market demand shifts, enhancing its product portfolio, and strategically expanding its presence in the automotive, industrial, and consumer sectors. Notably, shipments in key business areas, such as sweeping robots and smart projectors, have witnessed substantial growth, propelling a YoY increase in operating revenue of approximately 35%, achieving a new record high. This robust revenue growth has directly translated into a significant uptick in net profit.
