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IT Home reported on August 26 that domestic CMOS manufacturer SmartSens released its 2024 first half performance report on August 24, saying:

In the first half of 2024, the company achieved revenue of 2.457 billion yuan, a year-on-year increase of 129.04%;

The net profit attributable to shareholders of the listed company was RMB 150 million, turning losses into profits compared with the same period last year;

The net profit attributable to shareholders of the listed company after deducting extraordinary gains and losses was 153 million yuan, turning losses into profits compared with the same period last year.

By business classification, SmartSens' business performance in the first half of 2024 is as follows:

Smart security revenue was RMB 976.1845 million, up 50.36% year-on-year, accounting for 39.73% of the main revenue;

Smartphone revenue was RMB 1,249,116,500, up 295.46% year-on-year, accounting for 50.84% ​​of the main revenue;

The revenue from automotive electronics was RMB 231.5885 million, an increase of 115.19% over the same period last year, accounting for 9.43% of the main revenue.

As for the reasons for the significant increase in performance, SmartSens further explained that the main reason is that with the recovery of market demand, the company's newly launched iterative products in the field of smart security have been further improved in performance and competitiveness, and the company's product sales have increased significantly; at the same time, in the field of smartphones, the company's high-end 50-megapixel products used in flagship mobile phones' main cameras, wide-angle and telephoto lenses have seen a significant increase in shipments, driving the company's revenue in the smartphone field to grow significantly.

The main reason for the year-on-year net profit turnaround is that the company continues to deepen its efforts in the application fields of smart security, smart phones and automotive electronics, especially in the field of smart phones, where it has successfully opened up a second growth curve. With the strengthening of product research and development and market promotion, the company has launched more performance and competitive products, continued to increase market share, significantly increased revenue scale, effectively improved profitability, and significantly increased net profit.

In terms of R&D investment, SmartSens' total R&D expenses in the first half of 2024 were RMB 199 million, and the number of R&D personnel accounted for 44.11% of the company's total number of employees. As of June 30, 2024, SmartSens has obtained 98 overseas patent authorizations, 110 domestic invention patents, and 234 domestic utility model patents.