Futubull News App: HC Semitek Corporation (300323.SZ) disclosed its interim report for the first half of 2024. During the reporting period, the company achieved revenue of 1.891 billion yuan, a year-on-year growth of 66.46%; net income attributable to the parent company was a loss of 0.246 billion yuan, with a year-on-year narrowing; non-GAAP net income was a loss of 0.301 billion yuan, with a year-on-year narrowing; basic earnings per share was -0.15 yuan.

In the first half of 2024, focusing on the company's vision and strategic goals, HC Semitek Corporation adhered to customer-oriented and technology-driven approaches, aligned with internal lean management, and accelerated operational improvements. Both the year-on-year and quarter-on-quarter revenue of the company increased in the first half of 2024, and the net loss was significantly reduced quarter-on-quarter. The company deepened its customer-oriented approach, expanded the three major business lines of lighting, displays, and backlighting, and had a deeper understanding of customer pain points and needs through customer product development and other organizational capabilities. With the support of BOE's brand empowerment, the marketing capabilities of the Lighting BU, Display BU, Backlight BU, and Overseas Major Customer BU have significantly improved, especially in the areas of automotive, display, and backlighting, achieving a significant increase in sales volume, revenue, and market share.

Internally, the company effectively reduced operating costs through measures such as capacity improvement, raw material cost reduction, process optimization, and personnel and organizational optimization, further reducing product cost competitiveness based on the end of 2023. At the same time, the company has completed investment expansion decisions such as Yunnan Blue Crystal Substrate, Zhejiang Crystal Map PSS, Zhangjiagang and Yiwu epitaxy/chip, and has smoothly entered the execution phase. It is expected that the newly added production capacity will be fully released by mid-2025, further strengthening the competitiveness of production lines and products.