---
title: "Chipown's net profit for 2024 is 111 million yuan, a year-on-year increase of 87.19%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229732238.md"
description: "Chipown released its 2024 annual performance report, with operating revenue of 965 million yuan, a year-on-year increase of 23.61%; net profit of 111 million yuan, a year-on-year increase of 87.19%. The company focuses on the power semiconductor market, driving revenue growth of over 60% for products such as high/low voltage driver chips, digital power chips, and intelligent power devices"
datetime: "2025-02-26T10:09:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229732238.md)
  - [en](https://longbridge.com/en/news/229732238.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229732238.md)
generator: "portal-rs"
---

# Chipown's net profit for 2024 is 111 million yuan, a year-on-year increase of 87.19%

According to the Zhitong Finance APP, Chipown (688508.SH) released its performance report for the fiscal year 2024. During the reporting period, the company achieved an operating income of 965 million yuan, a year-on-year increase of 23.61%; the net profit attributable to the owners of the parent company was 111 million yuan, a year-on-year increase of 87.19%.

The main factors affecting operating performance: The company has always focused on the power semiconductor market, using industry-leading high-voltage AC-DC as an entry point. In 2024, it will vigorously promote revenue growth of high/low voltage driver chips, digital power chips, intelligent power devices, and modules by more than 60% year-on-year; meet customers' deep demand for "PowerSemiTotalSolution," and jointly create innovative high-integration semiconductor products and solutions to enhance customers' overall competitiveness

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**