In 2024, Jingfeng Mingyuan will achieve total revenue of 1.504 billion yuan, a year-on-year increase of 15.38%

On February 25, Jingfeng Mingyuan released its 2024 performance report.

In 2024, Jingfeng Mingyuan achieved a total revenue of 1.504 billion yuan, a year-on-year increase of 15.38%; the net profit attributable to the parent company decreased by 58.2087 million yuan year-on-year; the non-net profit attributable to the parent company decreased by 137 million yuan year-on-year.

Excluding the impact of share-based payment, during the reporting period, Jingfeng Mingyuan achieved a net profit attributable to the parent company of RMB 8.7074 million and a non-net profit attributable to the parent company of RMB 4.0426 million, both turning losses into profits compared with the same period last year.

According to data, Jingfeng Mingyuan’s business focuses on the two major segments of power management chips and control driver chips, specifically covering four major product lines: LED lighting power chips, motor control driver chips, AC/DC power chips and DC/DC power chips.

Jingfeng Mingyuan pointed out that in 2024, due to fierce market competition in the LED lighting power chip business, the unit price of the company's products will continue to decline, and the overall business revenue will decline slightly compared with the same period last year.

The company's AC/DC power chips used in the fields of large and small home appliances, chargers and adapters have entered the market and expanded. During the development stage, sales revenue increased compared with the same period last year.

In addition, relying on the rapid development of electric travel and clean appliances, the company's motor control drive chip sales revenue has achieved rapid growth; thanks to the successful mass production of the low-voltage BCD process platform, high-performance computing power chips have achieved scale revenue.

During the reporting period, Jingfeng Mingyuan further optimized its product structure and continued to optimize costs through process iterations and strengthened supplier management. The overall gross profit margin increased significantly compared with the previous year. (Compiled by LEDinside)