''Star Daily'' reported on October 29th that NasXin Micro increased its revenue in the third quarter without increasing its profits.

On the evening of October 28th, NasXin Micro disclosed its third quarter report for the year 2024, showing that the company achieved operating income of 1.366 billion yuan in the first three quarters, a year-on-year growth of 36.49%; the net loss attributable to the parent company was 0.408 billion yuan, compared to a loss of 0.251 billion yuan in the same period last year; the non-GAAP net loss was 0.441 billion yuan, compared to a loss of 0.314 billion yuan in the same period last year.

NasXin Micro stated that its losses were mainly due to the following reasons: firstly, impacted by the overall macroeconomic environment and intensified market competition, with product prices under pressure and a slight decrease in gross margin compared to the same period last year; secondly, selling expenses and administrative expenses increased year-on-year; thirdly, due to the implementation of restricted stock incentive plans by the company, the amortization of share-based payment expenses amounted to 217.9004 million yuan.

In the first three quarters of 2024, the company's gross margin was 33.21%, a decrease of 7.86 percentage points year-on-year; the net profit margin was -29.85%, a decrease of 4.78 percentage points compared to the same period last year.

Economist Song Qinghui told reporters from ''Star Daily'' that the significant decrease in NasXin Micro's gross margin indicates that the company faces challenges in cost control and product pricing, possibly due to rising raw material costs or intensified market competition. "At present, the company's top priority is to adjust its product structure and cost control; otherwise, even if revenue increases, it will only benefit the suppliers."

Information shows that NasXin Micro is a high-performance, high-reliability analog and mixed-signal chip company. The company focuses on three major directions: sensors, signal chains, and power management, providing a variety of semiconductor products and solutions applied in the automotive, industrial, information communication, and consumer electronics sectors.

Looking at the downstream market trends in industries such as automotive electronics, NasXin Micro stated that the demand for automotive electronics market continues to grow. Both the production and sales volume of the entire Chinese automotive market, as well as the penetration rate of new energy vehicles, are still on the rise. The company's growth in the automotive market mainly comes from application and product expansions in the automotive market.

In terms of the layout of automotive asia vets products, Naxin Micro has made arrangements in products such as sensors, power management, and signal chains, which can be applied in areas such as intelligent cockpits and autonomous driving in autos.

It is worth noting that recently, Naxin Micro has also taken action in relevant industry mergers and acquisitions.

In June of this year, Naxin Micro announced a high-premium acquisition of 79.31% of the shares of Shanghai Megene Micro-electronics Co., Ltd. (hereinafter referred to as "Megene") for 0.793 billion yuan in cash after the release of the "Star Market Eight Regulations", which has attracted market attention.

Megene is mainly engaged in the research, development, production, and sales of mixed-signal chips based on magneto-electric induction technology and intelligent motion control, with the main products being magnetic sensor chips. Therefore, Naxin Micro stated that this transaction will help enrich the company's product categories in the magnetic sensor field, increase the company's sales scale and market share in the magnetic sensor field.

Regarding the latest progress of the acquisition, Naxin Micro disclosed in its third quarter report that the above-mentioned acquisition is progressing smoothly, and the company has paid the second tranche consideration to Shanghai Sisray Technology Co., Ltd. among others; as of now, Megene has completed the change of shareholder register, and the company has directly acquired 62.68% of Megene's shares from the counterparty, Sisray technology.

"Science and Technology Innovation Board Daily" reporters noted that Naxin Micro disclosed in the 2024 third quarterly report that there have been changes in the holdings of some shareholders of the company. Among them, three shareholders have reduced their holdings.

Among the shareholders who reduced their holdings, the company's shareholders Guorun Ruiqi, Huiyue Growth, Suzhou Huaye, and its concerted actioner Changsha Huaye have completed the implementation of the reduction plan, reducing a total of approximately 5.18 million shares of the company, accounting for approximately 3.64% of the total shares of the company.