Turnover up 31.6% Gross profit margin reaches more than 55%
Actively consolidates its core competitiveness of “EDA+IP+Design”
We continued to focus on high-end, industrial-grade analog ICs Patterned booklet company
HONG KONG SAR – Media OutReach Newswire – March 26, 2024 – BaTeLab Co., Ltd. (“BaTeLab” or the “Company”; stock code: 2149) announced its annual results for the fiscal year ended December 31, 2023. Revenue was approximately RMB 464 million, up 31. 6% over one year. Profit for the year exceeded RMB 100 million for the first time. The gross profit margin reached more than 55%.
In 2023, the integrated circuit (“IC”) industry has entered the “total volume remains stable and structural optimization” development stage with an increasing trend of Chinese import substitution. Benefiting from the launch of new products in the industrial category and the strong growth in application demand in the new energy sector, BaTeLab continued to strengthen its core competitiveness in products, businesses and technology and maintained a strong rapid growth in its results.
2023 is the first year of successful listing of BaTeLab’s H shares on the stock market. During the reporting period, the Company continued to carry out research and development activities and achieved new breakthroughs in key technologies such as high common mode rejection ratio, low noise and low phase shift currents. . Relying on its own EDA software, the company has accumulated more than 400 IP modules covering 12 major functions of analog integrated circuit design and applicable to 9 major process technologies. The company has established 9 integrated technology platforms suitable for the whole process from process to independent R&D through in-depth business cooperation. High voltage and high current products have successfully penetrated major new fields such as thermal management of new energy vehicles or current sensors.
The company offers products with either wide applicability or high precision and low power consumption, researched and developed by nine technology platforms, and achieved substantial revenue growth during the reporting period. Of which the H770 platform, specializing in the research and development of high voltage and high current products, has the most outstanding performance in terms of annual sales and number of new products, with more than 100 million RMB of revenue. revenue and nearly 30 new product launches for the year ended December 31, 2023, respectively. The T006 platform, which features low power consumption and high-precision analog signal processing, showed significant annual revenue growth of more than 80% for the fiscal year ended December 31, 2023 compared to that of 2022. With the advantages of multifunctional support and high performance. , C140 platform products recorded a gross profit margin of approximately 60% for the year ended December 31, 2023, receiving favorable market feedback.
In 2024, the Company will continue to consolidate and improve the technical advantages of “EDA+IP+design” and optimize the chip design process; leverage its integrated technology platform to promote the in-depth integration of product design and production technology; strengthen its competitiveness with stable supply chain channels; expand the scope of various terminal applications in various fields such as industrial, automobile, communications, etc. ; increase its industrial influence and market share; consolidate the strengths of talent training; build a talented team with strong research and development capabilities, to bring long-term and sustainable development benefits to the company and shareholders.
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The issuer is solely responsible for the content of this announcement.
