Kangxi Communication (688653.SH) announced that the company expects to achieve quarterly revenue in the second quarter of 2024...
According to the announcement by Kangxi Communication (688653.SH) on the Zhitong Finance APP, the company is expected to achieve a single quarter revenue of 0.142 billion yuan in the second quarter of 2024, a 73% increase compared to the first quarter, and a 29% increase compared to the same period last year. Among them, the company's webcom Wi-Fi7 RF front-end chip revenue achieved rapid growth in the second quarter of 2024.
In the second quarter of 2024, the semiconductor industry gradually recovered. The industry recognized 2024 as the first year of Wi-Fi7, and the company's early layout of Wi-Fi7 led to rapid growth of this technology protocol product business in the second quarter. The company's operation is good, actively expanding overseas markets with development potential. Currently, the order in hand remains high, and the performance in the second quarter is significantly improved compared to the first quarter.