According to the Zhitong Finance App, SPROCOMM INTEL (01401) announced results for the year ended December 31, 2023. The group achieved revenue of 2,823 billion yuan (RMB, same below) during the period, an increase of 94.63%; profit attributable to company owners was 32.369 million yuan, an increase of 397.53% year on year; basic profit per share was 3.24 points.

According to the announcement, the increase in revenue was mainly due to a sharp increase in smartphone sales to China and India and an increase in sales of IoT related products to China. Revenue from mobile phones increased 107.6% from $1.03 billion for the year ended December 31, 2022 to $2,138 billion for the year ended December 31, 2023.