Jinshi data news on October 11th, RuiXinWei announced that it is expected to achieve operating income of about 2.16 billion yuan in the first three quarters of 2024, an increase of about 48.5% compared to the same period last year. The vesting in the net profit attributable to the owners of the parent company is expected to increase by 339.75% to 365.62%, ranging from 340 million yuan to 360 million yuan. Operating income in the third quarter is about 911 million yuan, an increase of about 51.42% year-on-year, and an increase of about 29.18% quarter-on-quarter. Net profit is expected to rise from 157 million yuan to 177 million yuan, an increase of 199.39% to 237.47% year-on-year. The performance rise is mainly due to the rise in demand for AIoT product line and the rapid introduction of new products to the market.
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