Ingenic Semiconductor reports revenue dip, plans 2025 growth strategy

Ingenic Semiconductor (SZSE:300223) reported a 7.03% year-over-year decrease in revenue for 2024, totaling CNY 4,212.63 million in its 2024 annual report. Net profit attributable to shareholders also declined by 31.84% to CNY 366.20 million. The decline was attributed to market softness in the automotive and industrial sectors where the company focuses its memory chip sales. The company's board has proposed a cash dividend of CNY 1.00 per 10 shares.