Solomon Systech Limited is facing challenges of slowing global economic growth in the first half of 2024, impacted by factors such as continued inflation, tightening monetary policies, and geopolitical tensions. Particularly in the Chinese market, the contraction of real estate activities and weak domestic demand significantly affect the demand for consumer electronics products. Despite downward pressure on prices for end products, the overall industry's destocking process is approaching its end, and market supply and demand are gradually restoring balance. During this period, Solomon Systech's shipments decreased by 3.7% compared to the same period last year, to approximately 170 million units, but increased by 6.6% compared to the second half of 2023. Sales revenue decreased by 27.4% to 61.9 million US dollars, primarily due to a decrease in shipments and a decrease in average product prices. The company's attributable profit decreased by 43.3% to 7.5 million US dollars. The Board of Directors does not recommend declaring interim dividends for the six months ended June 30, 2024.

Solomon Systech Limited is facing challenges of slowing global economic growth in the first half of 2024, impacted by factors such as continued inflation, tightening monetary policies, and geopolitical tensions. Particularly in the Chinese market, the contraction of real estate activities and weak domestic demand significantly affect the demand for consumer electronics products. Despite downward pressure on prices for end products, the overall industry's destocking process is approaching its end, and market supply and demand are gradually restoring balance. During this period, Solomon Systech's shipments decreased by 3.7% compared to the same period last year, to approximately 170 million units, but increased by 6.6% compared to the second half of 2023. Sales revenue decreased by 27.4% to 61.9 million US dollars, primarily due to a decrease in shipments and a decrease in average product prices. The company's attributable profit decreased by 43.3% to 7.5 million US dollars. The Board of Directors does not recommend declaring interim dividends for the six months ended June 30, 2024.