During the reporting period, 688325 the company achieved operating income of 393 million yuan, a year-on-year increase of 57.64%, and a net profit of 78.8398 million yuan, a year-on-year increase of 31.9%; The net profit after deduction was 75.0986 million yuan, a year-on-year increase of 52.01%. Although both revenue and profit have achieved significant growth, the growth rate of net profit is significantly lower than the growth rate of revenue.

The company intends to distribute profits based on the total share capital registered on the record date of the implementation of equity distribution after deducting the number of shares in the company's special repurchase account, and will not give bonus shares and not convert capital reserve into share capital.

A cash dividend of 10 yuan (tax included) will be distributed per share, and a total cash dividend of 82.2503 million yuan (tax included) will be distributed, accounting for 104.33% of the company's net profit attributable to shareholders of listed companies in the company's 2024 annual consolidated statement.

The company's cash dividends and repurchases in 2024 totaled 135 million yuan, accounting for 171.52% of the net profit attributable to ordinary shareholders of the listed company in the 2024 consolidated statements.

The company explained that the revenue growth was mainly due to the significant increase in downstream end market demand, as well as the company's continuous expansion of product layout and strengthening the accumulation of customer resources.

However, the slowdown in net profit growth may be related to the company's high investment in R&D and market expansion. During the reporting period, the company's R&D investment was 114 million yuan, a year-on-year increase of 42.02%, accounting for 29.07% of operating income.

Previously, on March 6, the company had just announced that one of the controlling shareholders and actual controllers planned to increase its holdings of the company's shares. One of the controlling shareholders and actual controllers of the company, Juhe Investment, intends to increase its shareholding in the company through centralized bidding through the trading system of the Shanghai Stock Exchange within 12 months from the date of disclosure of the announcement with special bank loans and self-raised funds. Since the company's controlling shareholders, actual controllers and persons acting in concert held between 30% and 50% of the company's shares before the implementation of the shareholding increase plan, the total proportion of the shareholding increase will not exceed 2% within 12 months; Under the premise of guaranteeing this, the amount of this increase is not less than 11.5 million yuan and not more than 23 million yuan.

Saiwei Microelectronics is located in Songshan Lake Park, Dongguan City, Guangdong Province, and will be listed on the Shanghai Stock Exchange in 2022. The main business is the R&D and sales of analog chips. The main products are battery safety chips, battery metering chips, charging management and other chips.

As of the close of trading on April 9, Saiwei Microelectronics closed up 1.13% at 41.21 yuan per share, with a total market value of 3.501 billion yuan.