Solomon Systech announced its mid-year performance for the six months ended June 30, 2024, showing a 27.4% decrease in sales to $619 million, with a gross profit of $19.8 million and a gross margin of 32.0%. The attributable net profit to owners of the company for the period was $7.5 million, with an earnings per share of $0.30. The company specializes in designing, developing, and selling integrated circuit chip products and system solutions, which are widely used in various smart products. Due to the gradual balance of market supply and demand, wafer fabs reduced prices, relieving the cost pressure on the group. During the period, sales revenue and gross profit both decreased due to reduced shipments and declining average product prices. The group did not declare an interim dividend for the six months ended June 30, 2024. As of June 30, 2024, the group's current ratio was 4.59, reflecting a sound financial condition.

Solomon Systech announced its mid-year performance for the six months ended June 30, 2024, showing a 27.4% decrease in sales to $619 million, with a gross profit of $19.8 million and a gross margin of 32.0%. The attributable net profit to owners of the company for the period was $7.5 million, with an earnings per share of $0.30. The company specializes in designing, developing, and selling integrated circuit chip products and system solutions, which are widely used in various smart products. Due to the gradual balance of market supply and demand, wafer fabs reduced prices, relieving the cost pressure on the group. During the period, sales revenue and gross profit both decreased due to reduced shipments and declining average product prices. The group did not declare an interim dividend for the six months ended June 30, 2024. As of June 30, 2024, the group's current ratio was 4.59, reflecting a sound financial condition.