---
title: "CONVERTSEMI released its 2024 annual performance, turning from profit to a loss of 97.1893 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/235023049.md"
description: "CONVERTSEMI released its 2024 annual report, with operating revenue of 130 million yuan, a year-on-year decrease of 39.12%. The net loss attributable to shareholders of the listed company was 97.1893 million yuan, and the net loss after deducting non-recurring gains and losses was 108 million yuan, with a basic loss per share of 1.32 yuan. Affected by the slowdown in macroeconomic growth and intensified market competition, the company's sales scale declined"
datetime: "2025-04-08T12:16:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/235023049.md)
  - [en](https://longbridge.com/en/news/235023049.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/235023049.md)
---

# CONVERTSEMI released its 2024 annual performance, turning from profit to a loss of 97.1893 million yuan

According to the Zhitong Finance APP, CONVERTSEMI (688693.SH) released its annual report for 2024, showing an operating income of 130 million yuan, a year-on-year decrease of 39.12%. The net loss attributable to shareholders of the listed company was 97.1893 million yuan. The net loss attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 108 million yuan. The basic loss per share was 1.32 yuan.

In 2024, the macroeconomic growth slowed down, and the overall downstream terminal market of the power semiconductor industry in which the company operates maintained a mild recovery pattern. In the consumer market, due to intense market competition, the company's product prices were under pressure; in the high-reliability field, due to insufficient downstream demand and increased cost pressures, sales volume declined

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