• Revenue up 31.6% Gross margin over 55%
• Actively consolidate the core competitiveness of “EDA+IP+ design”
• Continue to focus on high-end industrial analog IC pattern wafer business

CP430T Hong Kong – Media OutReach Newswire – March 26, 2024 – Suzhou Baker Microelectronics Co., LTD. (” Baker Micro “or the” Company “; Stock code: 2149) announced its full year results for the year ended 31 December 2023, with revenue of RMB464 million, an increase of 31.6%, annual profit exceeding RMB100 million for the first time, and gross margin exceeding 55%.

In 2023, the integrated circuit industry has entered the development stage of “total stability and structural optimization”, and China’s import substitution trend is obvious. Thanks to the launch of new industrial products and the strong growth of application demand in the field of CP430T new energy, Baker Micro has continued to build core competitiveness in products, business and technology, and maintained rapid growth in performance.

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2023 is the first year of Baker Micro H shares successfully listed on the Stock Exchange. During the reporting period, the Company continued to carry out research and development activities and made further breakthroughs in key technologies such as high common-mode rejection ratio, low noise and low offset current; Relying on its own EDA software, the company has accumulated more than 400 IP modules covering 12 analog IC design core functions and applicable to 9 core process technologies, and built nine integrated technology platforms suitable for the whole process from process to independent research and development. High-voltage and high-current series products have successfully entered major new fields such as new energy vehicle thermal management and current sensors.

The products developed by the company’s nine existing technology platforms, either with wide applicability, high precision and low power consumption, all achieved significant revenue growth during the reporting period. Among them, the H770 platform, which specializes in the research and development of high-voltage and high-current products, has the most outstanding performance in terms of annual sales and the number of new products, with an annual revenue of more than 100 million yuan by 2023, and has added nearly 30 new products. Featuring low-power, high-precision analog signal processing, the annual revenue growth of the T006 platform showed a significant trend, increasing by more than 80% year-on-year. The C140 platform, characterized by multi-functional support and high-performance products, has a gross profit margin of about 60% by 2023, and has received good market feedback.

In 2024, the company will continue to consolidate and improve the CP430T technical advantages of “EDA+IP+ design” and optimize the chip design process; Use the integrated technology platform to promote the deep integration of product design and production process, and consolidate the advantages of stable supply chain channels; Expand the application range of diversified terminals in industry, automobile, communication, etc., and expand the industry influence and market share; Consolidate the advantages of talent training, build a talent team with hard strength in research and development, and bring sustainable and long-term development benefits to the company and shareholders.