Neoway Technology announced that it is expected to achieve revenue of 1.6 to 1.8 billion yuan and net income attributable to the parent company owner of 80 to 96 million yuan in the first half of 2024, realizing a turnaround in losses. The operating income in the same period last year was 0.419 billion yuan, with a net loss of -44.4786 million yuan. The growth in performance is mainly due to the significant increase in revenue from internet of things wireless communication and cloud product business, the increase in absolute value of gross profit, and the decrease in period rate.