Juxin Technology (688049.SH) announced that, according to preliminary calculations by the finance department, it is expected to achieve revenue of 466 million yuan in the first three quarters of 2024, representing a year-on-year increase of 23.87% compared to the same period last year. It is expected to achieve a net income attributable to the owners of the parent company of 70.9 million yuan in the first three quarters of 2024, a year-on-year increase of 51.09% compared to the same period last year. It is expected to achieve a net income attributable to the owners of the parent company after deducting non-recurring gains and losses of 48 million yuan in the first three quarters of 2024, a year-on-year increase of 31.16% compared to the same period last year.
Since the beginning of this year, the company has closely grasped market demand and technology development trends, adopted an active sales strategy, successfully achieving a significant increase in the company's revenue. At the same time, the company continues to optimize its product structure and customer base, achieving rapid profit growth. During the reporting period, the company's products have performed exceptionally well. Among them, the end-side AI processor chip continued to increase in volume, with sales revenue showing a multiple growth year-on-year; meanwhile, the company's low-latency high-fidelity wireless audio products have shown remarkable performance, with a substantial increase in sales revenue. In addition, the Bluetooth speaker SoC chip series steadily attracted top audio customers, winning the favor of international first-line brand customers.
The company's product and customer structure continues to be optimized, with the proportion of high-margin product sales continuously increasing. This further increased the comprehensive gross margin of this reporting period to around 47.14%, an expected increase of 4.10 percentage points year-on-year, enhancing the overall profitability of the company. In the future, the company will continue to focus closely on downstream market demand, empower end-brand customers for continuous innovation, increase efforts to expand into emerging markets, continuously improve its product matrix, and usher in a new wave of growth.
