On April 18, SmartSens (688213) announced its 2024 annual report, with the company's operating income of 5.97 billion yuan, an increase of 108.9% year-on-year; the net profit attributable to the parent company was 393 million yuan, an increase of 2662.8% year-on-year; net profit after deducting non-attributable to the parent company was 391 million yuan, an increase of 64,342.6% year-on-year; net operating cash flow was RMB374 million, down 51.2% year-on-year; EPS (fully diluted) was 0.9826 yuan.

In the fourth quarter, the company's operating income was 1.76 billion yuan, an increase of 62.3% year-on-year; the net profit attributable to the parent company was 120 million yuan, an increase of 50.0% year-on-year; net profit after deducting non-attributable to the parent company was 86.47 million yuan, an increase of 42.9% year-on-year; EPS was $0.299.

As of the end of the fourth quarter, the company's total assets were 7.83 billion yuan, an increase of 27.4% over the end of the previous year; The net assets attributable to the parent company were RMB4.189 billion, an increase of 12.0% over the end of the previous year.

The company achieved significant growth in 2024, especially in the fields of smartphones, smart security and automotive electronics. During the reporting period, the operating income of the smartphone business reached 3.291 billion yuan, a year-on-year increase of 269.05%, accounting for 55.15% of the main revenue. This growth was mainly due to the deepening of cooperation with several customers and the introduction of new products, especially the high-end 50 million pixel image sensor products.

In the field of smart security, the company's newly launched products have better performance, driving operating income of 2.15 billion yuan, a year-on-year increase of 28.64%. The automotive electronics business also performed strongly, with sales revenue of 527 million yuan, a year-on-year increase of 79.09%. The company's products in this field have been mass-produced in many mainstream car factories, showing good market prospects and competitiveness. Overall, the company's operating income increased by 108.9% year-on-year, showing strong market demand and continuous business expansion capabilities.