Hashtag
Men's Weekly

How to Maximise Garage Storage with a Car Lift

If you’ve ever found yourself wishing for more garage space—whether for tools, storage boxes, or even an extra vehicle—you’re no...

Balancing Efficiency with Compliance in Healthcare Environments

In today’s complex healthcare landscape, striking the right balance between operational efficiency and regulatory compliance is ...

From Eco to Eyesore – Brisbane's Water Tanks Are Due for Replacement

Way back in 2002, Brisbane City Council introduced a rebate scheme to encourage local homeowners to invest in rainwater tanks, i...

Considering HIFU for Skin Tightening? Here’s What You Need to Know

If you’re curious about non-surgical ways to rejuvenate your appearance, you’ve likely come across HIFU for skin tightening. HIF...

Crossing Borders Freely: Why Schengen Visa Multiple Entry is Built for Global Citizens

Your meetings are in Munich, your art show is in Paris, and your friends are waiting in Barcelona. You travel often—not for leis...

May Gibbs Foundation Launches New Online Store to Aid Cerebral Palsy Research

The May Gibbs Foundation, the legacy of Australian Children’s author May Gibbs, this month launches a new online store at maygib...

, Ltd. ("BaTeLab" or the "Company"; stock code: 2149) announced its annual results for the year ended 31 December 2023. Revenue amounted to approximately RMB 464 million, up by 31.6% year on year. Profit for the year exceeded RMB100 million for the first time. Gross profit margin reached over 55%.

In 2023, the integrated circuit ("IC") industry entered the development stage of "total volume remains stable, structural optimization" with China's import substitution trending increasingly. Benefited by the launch of new products in the industrial category and the strong growth in demand for applications in the new energy sector, BaTeLab continued to enhance its core competitiveness in products, business and technology and maintained a fast growth in its results performance.

2023 is the first year of successful listing of BaTeLab's H shares on the Stock Exchange. During the reporting period, the Company continued to carry out research and development activities and has made further breakthroughs in key technologies such as high common-mode rejection ratio, low noise, and low out-of-phase currents. Relying on its own EDA software, the Company has accumulated more than 400 IP modules covering 12 core functions of analog IC design and applicable to 9 core process technologies. The Company has established 9 integrated technology platforms suitable for the whole process from process to independent R&D through extensive business cooperation. High-voltage and high-current products have successfully entered into major new fields such as thermal management of new energy vehicles and current sensors.

The Company has products with either broad applicability or high precision and low power consumption researched and developed by nine technology platforms, and has achieved substantial revenue growth during the reporting period. Of which, 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 more than RMB100 million in revenue and nearly 30 new product launch for the year ended 31 December 2023, respectively. The T006 platform, which features low power consumption, high-precision analog signal processing, showed significant annual revenue growth of over 80% for the year ended 31 December 2023 compared to that of 2022. With the advantages of multi-functional support and high performance, C140 platform products recorded a gross profit margin of approximately 60% for the year ended 31 December 2023, receiving favorable market feedback.

In 2024, the Company will continue to consolidate and enhance the technical advantages of "EDA+IP+design" and optimize the chip design process; to leverage its integrated technology platform to promote the in-depth integration of product design and production technology; to strengthen its competitiveness of stable supply chain channels; to expand the scope of diverse terminal applications in various fields such as industry, automobiles, communications, etc.; to enlarge its industry influence and market share; to consolidate the advantages of talent training; to establish a talent team with strong research and development capabilities, so as to bring sustainable and long-term development benefits to the company and shareholders.


Hashtag: #BaTeLab

The issuer is solely responsible for the content of this announcement.

About BaTeLab

BaTeLab is one of the analog IC patterned wafer providers with a prominent market position in China, focusing on the research and development and sales of analog IC products, design in proprietary EDA software tools and reusable IP library to enable chip efficiency. Currently, the Company has formed a product system with a focus on industrial-grade analog IC products. The Company’s products can widely empower various application areas such as automotive electronics, healthcare, industrial automation, industrial Internet of Things, industrial lighting, instrumentation, communications, power, energy storage and consumer electronics.

IN THE NEWS

Year of Extremes: 2024 Market Review by Global Broker Octa

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 18 December 2024 - 2024 has been a year of contradict.

Your style, your design: 5 reasons to invest in custom doors

Custom doors are one of the ultimate ways to consolidate your home’s aesthetic. Not only this, they c.

LISA with Leading Thai and International Artists Captivate the World at the Amazing Thailand Countdo…

Thailand's iconic riverside celebration captivates the world with unparalleled spectacle, featuring a wor.

Avenue K Hosts ‘Sport My Art’ to Empower Artists with Disabilities

The Olympic-inspired art exhibition features special needs and disabled artists KUALA LUMPUR, MALAYSIA - .

HKSTP Showcases Top Biotech Innovations and Attracts Global Enterprises at US BIO 2024

16 top-tier Park companies present their cutting-edge research, products and services, including a debut .

DYMO Partners With GA International (LabTAG) To Offer Cryogenic Labels For DYMO Labelwriter 5 Series…

ATLANTA - Newsaktuell - 23 January 2025 - DYMO®, a leading provider of innovative labeling and printing .

Health & Wellness

Balancing Efficiency with Compliance in Healthcare Environments

Hashtag.net.au - avatar Hashtag.net.au

In today’s complex healthcare landscape, striking the right balance between operational efficiency and regulatory compliance is more than a best practice—it’s a necessity. Healthcare organisations m...

A Permanent Fix: Why More Patients Are Choosing Dental Implants

Hashtag.net.au - avatar Hashtag.net.au

Among the myriad of advancements in the field of dentistry, none have impacted as radically as dental implants. A last option not long ago, today, implants are the go-to solution for millions of ind...

Smile Confidently: Sydney's Best Cosmetic Dentists for Invisalign Treatment

Hashtag.net.au - avatar Hashtag.net.au

A warm, welcoming smile can change how you see yourself and how others see you. But to so many, crooked or uneven teeth will obstruct smiling openly. Modern cosmetic dentistry has answers, though, t...