O-film's 2024 Semi-annual Report Strong Growth in Revenue and Profit

TapTechNews August 23 news, O-film released its 2024 semi-annual report, and TapTechNews summarizes the highlights as follows:

Revenue was 9.536 billion yuan, an increase of 51.02% year-on-year;

The net profit attributable to shareholders of the listed company was 39.1445 million yuan, an increase of 111.07% year-on-year;

The basic earnings per share was 0.012 yuan, an increase of 111.05% year-on-year;

R & D expenses were 510 million yuan, an increase of 16.77% year-on-year;

O-film said that during the reporting period, the business order volume increased compared with the same period of the previous year, and the growth of operating income drove the net profit to increase year-on-year.

Regarding the reason why the performance achieved a profit from a loss compared with the same period of the previous year, O-film said that first, during the reporting period, the company's business order volume increased compared with the same period of the previous year, and the growth of operating income drove the net profit to increase year-on-year. Second, the company adheres to guiding the industrialization upgrade of technology with independent innovation, continues to invest in R & D, strengthens internal management, steadily improves product quality, and continuously realizes key technological breakthroughs and product applications. The income of high value-added products has achieved relatively rapid growth year-on-year, and the profitability has improved.

In April this year, O-film released the 2024 first-quarter report. The report shows that in the first quarter of 2024, the company achieved operating income of 4.646 billion yuan, an increase of 72.33% year-on-year; the net profit attributable to shareholders of the listed company was 15.9104 million yuan, turning from a loss to a profit.

The 2023 annual report of O-film shows that the company achieved operating income of 16.863 billion yuan last year, an increase of 13.73% year-on-year, and the net profit attributable to shareholders of the listed company was 76.905 million yuan, turning from a loss to a profit. Among them, the revenue of smart phone products achieved 12.253 billion yuan, accounting for 72.66% of the operating income, an increase of 6.69% year-on-year. The revenue of smart automotive products achieved 190.8 million yuan, accounting for 11.32% of the operating income, an increase of 41.67% year-on-year.