After the afternoon stock price plummeted, Allwinner Technology's semi-annual report was released tonight, and the main financial indicators fell within the previously announced performance range. Benefiting from the recovery of the semiconductor market, increased downstream demand, and mass production of new products, the company achieved record high revenue in the first half of the year and turned a year-on-year net profit loss.
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On August 21, Caixin reported (Reporter: Lu Tingting) that Allwinner Technology (300458.SZ) saw a sharp drop in its stock price today. After-market, the company released its semi-annual report, with the main financial indicators falling within the previously announced performance range.
Benefiting from the recovery of the semiconductor market, the increased demand for smart in-car, industrial control, floor sweeping robots, and smart projectors, as well as the successful mass production of the company's new products and solutions, Allwinner Technology's revenue in the first half of the year increased by 57.30% year-on-year to 1.063 billion yuan, and the net profit turned from loss to profit. However, looking at the specific data, the company made a profit of 0.119 billion yuan in the first half of this year, which is still not as good as the good profit situation in 2021 and 2022, which were 0.242 billion yuan and 0.203 billion yuan, respectively.
According to the company's semi-annual report, due to the growth in shipments, the revenue of the H1 smart terminal application processor chip reached 0.911 billion yuan, a year-on-year increase of 70.39%, which is the company's main source of revenue.
In terms of expanding its application market, in the first half of this year, Allwinner Technology introduced the T536 for smart industrial applications and the MR536 for vision AI floor sweeping robots. Samples have been sent to industry-leading customers. Based on the eight-core AI robot chip MR527 and customer development of floor sweeping machines with visual obstacle avoidance capabilities, a high-end floor sweeping machine equipped with this chip has been released and mass produced. In addition, based on the mature and stable mass production of smart tablet products, the company has completed the delivery of A523/A527 series solutions for ARM PCs, mobile screens, cash registers, and commercial displays and other smart terminal products.
Currently, Allwinner Technology's main research projects include 8K video decoding AI SoCs, advanced process high-reliability automotive design, advanced security SoC system design, smart screen and smart robot chips, and fully integrated visual AIoT chips. Regarding the impact of these projects on the company's future development, Allwinner Technology stated that they will support the company's development in fields such as industrial control, media streaming players, large screen displays, smart automotive electronics, smart home, and education.
It is worth noting that just hours before the release of the semi-annual report, Allwinner Technology's stock price plummeted in the afternoon, falling nearly 9% at one point during the trading session. As of the close of trading today, Allwinner Technology's stock price fell 7.70% to 22.41 yuan per share, with a turnover of 0.917 billion yuan and a total market value of 14.2 billion yuan.
Regarding today's sharp drop in stock prices, a spokesperson from the investor relations department of allwinner technology responded to the media, stating that the company is currently operating normally, and short-term (secondary) markets do experience fluctuations.