Unigroup Guoxin Microelectronics (002049) H2 2024 earnings summary

Executive summary

• 2024 revenue reached RMB 5,511.05 million, down 27.26% year-over-year due to weak downstream demand and price declines in special integrated circuits.

• Net profit attributable to shareholders was RMB 1,190.52 million, a 52.99% decrease year-over-year.

• Special integrated circuit business faced shipment reductions and inventory pressure, while smart security chip business remained stable.

• High R&D investment and lower investment income from associates contributed to profit decline.

Financial highlights

• Operating profit was RMB 1,288.70 million, down 52.63% year-over-year.

• Total assets at year-end were RMB 16,852.61 million, a 3.89% decrease from the start of the year.

• Shareholders' equity increased 6.42% to RMB 12,405.59 million.

• Basic EPS was RMB 1.4119, down 52.84% year-over-year.

• Weighted average ROE was 9.97%, down 13.84 percentage points year-over-year.

Outlook and guidance

• Management remains focused on core business, technological innovation, and supply chain expansion to drive sustainable growth.

• Continued emphasis on R&D and risk management to address market challenges.