Rockchip Electronics forecasts soaring profits amid AIoT market surge

Rockchip Electronics (SSE:603893) has released its preliminary financial results for 2024, forecasting a significant increase in profitability driven by strong performance in the AIoT market. The company expects total operating revenue of CNY3,136,370,678.42, a 46.94% increase year-over-year, and net profit attributable to shareholders to reach CNY594,862,210.27, a 341.01% surge compared to the previous year. Basic earnings per share will be CNY1.42, representing a 343.75% increase.