Ingenic Semiconductor (300223) H2 2024 earnings summary

Executive summary

• Revenue for 2024 was ¥4.21 billion, down 7.03% year-over-year; net profit attributable to shareholders was ¥366 million, down 31.84%.

• Decline in performance mainly due to weak demand in automotive, industrial, and medical sectors, and increased stock-based compensation expenses.

• The company maintained strong R&D investment, launching new products in all major chip lines.

• Cash dividend proposal: ¥1 per 10 shares, totaling ¥48.16 million, pending shareholder approval.

Financial highlights

• Operating income: ¥4.21 billion, down 7.03% year-over-year.

• Net profit attributable to shareholders: ¥366 million, down 31.84% year-over-year.

• Gross margin for IC design: 36.66%, down 0.32 percentage points.

• R&D expenses: ¥681 million, 16.46% of revenue.

• Operating cash flow: ¥363 million, down 34.88% year-over-year.

• Basic EPS: ¥0.7604; diluted EPS: ¥0.7592.

Outlook and guidance

• 2025 plan focuses on continued R&D in core technologies, new product launches, and market expansion, especially in AI and high-performance computing.

• The company expects gradual recovery in automotive, industrial, and medical markets, and continued growth in AI-driven applications.