Sote Vision (688213.SH) announced the performance forecast from January 1, 2024 to September 30, 2024, expecting to achieve revenue of 4.1 billion yuan to 4.3 billion yuan in the first three quarters of 2024. The year-on-year growth is expected to be 131% to 143%. It is expected to achieve a net income attributable to the owners of the parent company of 0.252 billion yuan to 0.292 billion yuan in the first three quarters of 2024, turning losses around year-on-year. The expected net income attributable to the owners of the parent company after deducting non-recurring gains and losses is 0.282 billion yuan to 0.322 billion yuan in the first three quarters of 2024.

During the reporting period, the company's newly launched iterative products in the field of smart security have superior performance and competitiveness, resulting in a significant increase in product sales and sales revenue. In the smart phone sector, the company saw a significant increase in shipments of high-end 50 million pixel products used in flagship phone main cameras, wide-angle, telephoto, and front cameras. Additionally, the company's collaboration with customers has deepened significantly, the products are meeting more application needs, market share continues to increase, driving significant growth in the company's smart phone sector revenue, successfully opening up a second growth curve. Therefore, as the company's revenue scales up significantly, its profitability has effectively improved, and net income has shown significant growth.