On August 26th, Rockchip Electronics (603893.SH) announced its semi-annual report. In the first half of 2024, the market outlook has shown a significant recovery compared to the same period last year, especially in the AIoT product lines which have experienced simultaneous growth. Various AIoT computing platforms represented by RK3588, RK356X, RV1103/1106, etc. have continued to increase in production volume. Among them, the flagship chip RK3588 has experienced particularly rapid growth. As a domestically leading AIoT chip sold both domestically and internationally, it continues to demonstrate its flagship value in various fields. During the reporting period, the company achieved a revenue of 1.249 billion yuan, an increase of 46.44% compared to the same period last year. It also achieved a net income of 0.183 billion yuan, a significant increase of 636.99% compared to the same period last year.
In the first half of the year, the company released a series of new chips including the advanced process high-end AIoT processor RK3576 and the new intelligent audio processor RK2118. The company's AIoT chip "goose formation matrix" layout has basically taken shape. Through close cooperation with leading customers in target scenarios, rapid development and mass production work has been completed. The new products RK3576, RK2118, etc. will gradually become new growth points in the second half of the year.
