Today, the Chinese hi-tech enterprise, Jingchen has announced that it recorded an anticipated revenue of 4.74 billion to 4.79 billion yuan in 2021, up 73.10 percent to 74.93 percent year on year, and a net profit of 7.8 percent attributable to the parent company’s owners. From 100 million yuan to 840 million yuan, a 579.24 percent to 631.49 percent rise year on year.
According to Jingchen, the consumer electronics industry’s demand will continue to expand in 2021, which causes the shift in performance.
Market opportunities will be actively pursued, market development activities will be increased, and worldwide market potential will be expanded with Chips for smart set-top boxes and AI audio and video system terminals. The company’s market position was further reinforced and expanded by the rapid growth of shipments.
Simultaneously, the company hastened the introduction of new products such as chips used in in-vehicle entertainment systems, robotics, and other scenarios by using existing high-quality client groups and channel advantages.
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Furthermore, shipments of WiFi Bluetooth chips surged dramatically and began to contribute to operating income.
Jingchen went on to say that the company’s operating income has continued to rise, surpassing 4.7 billion yuan in 2021, thanks to the company’s long-term accumulated technical and product advantages, strong demand in the consumer electronics market, and the company’s multi-year strategic arrangement.
It has crossed 1.5 billion yuan in a single quarter in the fourth quarter.
The scale effect caused by the increase in operating income boosts the company’s profitability even further, and the net profit in 2021 will be significantly higher.
Jingchen’s major business, according to the data, is multimedia smart terminal SoC chip research and development, design, and sales.
Current applications include smart set-top boxes, smart TVs, AI audio and video system terminals, wireless connectivity, and automotive infotainment systems.
Set-top box SoC chips, smart TV SoC chips, AI audio and video system terminal SoC chips, WiFi Bluetooth chips, and automotive electronic chips are among the company’s key products.