SmartSens' 2024 First-Half Performance Report Revenue Surge and Profit Turnaround
IT Home reported on August 26 that the domestic CMOS manufacturer SmartSens released its 2024 first-half performance report on August 24, stating that:
In the first half of 2024, it achieved revenue of 2.457 billion yuan, with a year-on-year increase of 129.04%;
The net profit attributable to shareholders of the listed company was 150 million yuan, turning from a loss to a profit compared to the same period last year;
The net profit attributable to shareholders of the listed company after deducting non-recurring损益 was 153 million yuan, turning from a loss to a profit compared to the same period last year.
According to the business classification, the performance of each business of SmartSens in the first half of 2024 is as follows:
The revenue of smart security was 976.1845 million yuan, an increase of 50.36% compared to the same period last year, accounting for 39.73% of the main revenue;
The revenue of smart phones was 1.2491165 billion yuan, with a year-on-year increase of 295.46%, accounting for 50.84% of the main revenue;
The revenue of automotive electronics was 231.5885 million yuan, an increase of 115.19% compared to the same period last year, accounting for 9.43% of the main revenue.
Regarding the reason for the significant increase in performance, SmartSens further explained that the main reason is that with the recovery of market demand, the iterative products newly launched by the company in the field of smart security have further improved in performance and competitiveness, and the sales volume of the company's products has increased significantly; at the same time, in the field of smart phones, the high-level 50-million-pixel products applied by the company in the main camera, wide-angle, and telephoto lenses of flagship phones have significantly increased in shipments, driving a significant increase in the company's revenue in the smart phone field.
The reason for the net profit turning from a loss to a profit is mainly that the company has continued to deepen in various product application fields such as smart security, smart phones, and automotive electronics, and has successfully opened up a second growth curve in the field of smart phones. With the strengthening of product research and development and market promotion, the company has launched more products with performance and competitiveness, continuously improved market share, significantly increased revenue scale, and effectively improved profitability, resulting in a significant improvement in net profit.
In terms of R & D investment, the total R & D expense of SmartSens in the first half of 2024 was 199 million yuan, and the number of R & D personnel accounted for 44.11% of the total number of the company. As of June 30, 2024, SmartSens has obtained 98 overseas patent authorizations, 110 domestic invention patent authorizations, and 234 domestic utility model patents.