On April 7, Aojie Technology (688220) announced its 2024 annual report, with an operating income of 3.39 billion yuan, an increase of 30.2% year-on-year; The net profit attributable to the parent company changed from a loss of 506 million yuan in the same period last year to a loss of 693 million yuan, and the loss further expanded; the net profit after deducting non-attributable to the parent company changed from a loss of 658 million yuan in the same period last year to a loss of 707 million yuan, and the loss further expanded; the net operating cash flow was -404 million yuan, a year-on-year increase of 40.4%; EPS (fully diluted) was -1.6567 yuan.

In the fourth quarter, the company's operating income was 846 million yuan, an increase of 11.9% year-on-year; The net profit attributable to the parent company changed from a loss of 79.5 million yuan in the same period last year to a loss of 281 million yuan, and the loss further expanded; the net profit not attributable to the parent company changed from a loss of 124 million yuan in the same period last year to a loss of 231 million yuan, and the loss further expanded; and the EPS was -0.6707 yuan.

As of the end of the fourth quarter, the company's total assets were 6.537 billion yuan, down 10.4% from the end of the previous year; The net assets attributable to the parent company were 5.682 billion yuan, down 10.6% from the end of the previous year.

In the company's announcement for 2024, it was mentioned that the operating business has undergone certain changes. The management pointed out that the company's chip products continue to advance in the field of cellular baseband technology, the product series is gradually enriched, and the competitive advantage is gradually emerging. The company has increased its market development efforts, especially in the segment of cellular Internet of Things, and the sales of chips have risen sharply, thereby driving the overall operating income to achieve a growth of 30.23%.

In terms of main business, the company's chip sales business is still the core of revenue, and in the operating income achieved in 2024, chip products and customization business account for 89.02% and 9.92% respectively. Although the operating income and total gross profit have achieved significant growth, due to the increase in R&D investment and the impact of other non-recurring gains and losses, the company's loss amount has also increased, and the net profit attributable to the owners of the parent company was -693 million yuan, an increase of 187 million yuan from the previous year. Overall, the company's business strategy focuses on technological innovation and market demand, and strives to move forward steadily in a highly competitive industry.