Espressif posts strong growth, proposes stock split, rejects fund

Espressif Systems (Shanghai) Co., Ltd. (SSE:688018), a prominent fabless semiconductor company, released its 2024 annual report summary demonstrating significant financial achievements and future-oriented strategic decisions. With revenue reaching ¥2,006.92 million, a 40.04% year-over-year increase, and net profit attributable to shareholders at ¥339.32 million, surging 149.13%, Espressif showcased its robust growth engine. Reflecting this success, the board proposed a cash dividend of ¥0.6 per share and a 4-for-1 stock split, rewarding shareholders while enhancing stock liquidity.