Amlogic Announces H1 2021 Financial Results

Technology Author: 王轶群 Editor: 马渭淞 Aug 17, 2021 02:31 PM (GMT+8)

During the six months through June, the company generated CNY 2.0 billion in revenue, with a year-on-year growth of 111.8%.

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According to Amlogic's H1 2021 financial announcement: 

- Revenue rose by 111.8%, reaching CNY 2.0 billion.

- Net profit hit CNY 250 million (up 499.2% year-on-year), compared with a net loss of CNY 62.6 million in the same period of 2020.

- Affected by the growth in performance, on August 17 the firm's share price rose 4.5% to CNY 114.2 per share, with a market value of CNY 47.0 billion.

- In H1 2021, Amlogic's main business revenue hit CNY 2.0 billion (up 144.4%), accounting for 95.9% of total revenue.

- At the same time, the total operating costs reached CNY 1.8 billion, representing an increase of 75.0%.

- The company's R&D expenditure was CNY 384 million, showing an increase of approximately 47.2%; its management expenses hit CNY 48.2 million, with a rise of about 12.8%; the sales expenditure was CNY 36.3 million, representing a decline of 21.2%.

- At the end of the period, Amlogic's total assets reached CNY 4.1 billion, the operating profit was CNY 257 million and the net cash flow from operating activities was CNY 180 million.