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Deep * Company * Siteway-W (688213): The performance in the first three quarters of 2024 is in the upper range of the guidance midpoint, with high, medium, and low-end CIS replacement proceeding in parallel.
Tencentwei's performance in the first three quarters of 2024 is in the upper-middle range of guidance. The significant increase in the 50 million CIS shipments drives the gross margin to increase compared to the previous period. Domestic CIS is simultaneously advancing replacements in the high, medium, and low-end fields. Maintain a buy rating.
Suntech-W (688213): continued high performance, outstanding performance in mobile CIS.
Event: SoterTech released the third quarter report for 2024 on the evening of October 25th. In the first three quarters of 2024, the company achieved a revenue of 4.208 billion yuan, a year-on-year increase of 137.33%, and achieved a net income attributable to the parent company of 0.273 billion yuan.
Sote(688213): Single-quarter revenue continues to reach new highs, with rapid increase in sales of high-end smart phone products.
Event: The company announced that the revenue for the first three quarters of 2024 was 4.208 billion yuan, YoY +137.33%; net income attributable to the parent company was 0.273 billion yuan, turning a loss year-on-year; non-net income attributable to the parent company was 0.305 billion yuan. Only 24Q3
Third Quarter Report 2024
What happened to Soterway with a year-on-year increase in net profit of over 141 times in Q3?
① The shipment volume of several high-end 50 million-pixel products applied to flagship phone main, wide-angle, telephoto, and front cameras has significantly increased; ② In August this year, Tevit design and development successfully trial-produced the 0.18 billion pixel full-frame CIS product.
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