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2025 First Quarter Report
Aojie Technology-U (688220): The Operation trend is positive, Bullish on the positioning of the custom Business.
Event: The company released the 2024 annual report, achieving revenue of 3.386 billion yuan, +30.23% year-on-year, net income attributable to parent company -0.693 billion yuan, -37.01% year-on-year, and net income attributable to parent company after excluding non-recurring gains and losses -0.707 billion yuan.
Research Reports Treasure Hunt | Tianfeng: Maintain the "Buy" rating on Aojet Technology, continuing to show strong development momentum in the chip business.
On April 15th, Gelonghui reported that Tianfeng's Research Reports indicated that Aojie Technology (688220.SH) achieved a net profit attributable to shareholders of -0.693 billion in 2024, a year-on-year decrease of 37.01%, with Q4 net profit attributable to shareholders at -0.281 billion, a year-on-year decrease of 252.9%. In 2024, the company continues to maintain a strong development trend in its chip business. On one hand, relying on its long-term dedication and technological accumulation in the cellular baseband chip field, it continues to promote the iteration of chip products, enriching its product lineup and enhancing its competitive advantage. On the other hand, it continues to increase market expansion efforts, especially successfully penetrating some niche markets in the cellular Internet of Things.
Aojie Technology (688220): Continuous product upgrades and iterations in 2024, with high growth in customized chip revenue.
Event: The company released the 2024 annual report, achieving revenue of 3.386 billion RMB, an increase of 30.23% year-on-year; the net profit attributable to shareholders was -0.693 billion RMB, a decrease of 37.01% year-on-year, achieving net profit excluding non-recurring items.
Aojie Technology-U (688220): Ten years of honing a sword, the hidden fragrance has already been sheathed.
Event Description: On April 8, Aojie's Technology announced the "2024 Annual Report of Aojie's Technology Co., Ltd.", in which the company achieved total revenue of 3.386 billion yuan in 2024, a year-on-year growth of 30.23%; achieving net income attributable to the parent company.
Aojie Technology (688220): Internet of Things market share increases, customized projects are abundant.
In 2024, the company achieved revenue of 3.386 billion yuan (year-on-year: +30.23%), net income attributable to shareholders was -0.693 billion yuan (loss increased year-on-year by 37.01%), with revenue and profit lower than our previous expectations (35.0