Espressif Systems Co., Ltd. Provides Earnings Guidance for the Full Year of 2019
January 19, 2020
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Espressif Systems (Shanghai) Co., Ltd. provided earnings guidance for the full year of 2019. According to preliminary statistics of its financial department, the Company predicts that the net profit belonging to shareholders of the listed company in 2019 will be about RMB 161,365,100 with an increase of about RMB 67,482,500 compared with the same period of the year before, with a year-on-year increase of about 71.9% (based on the disclosed statistics according to relevant regulations). The net profit belonging to owners of the parent company after excluding extraordinary profit and loss will be about RMB 120,994,600 with an increase of about RMB 32,630,600 compared with the same period of the year before, with a year-on-year increase of about 36.9% (based on the disclosed statistics according to relevant regulations).
Espressif Systems Shanghai Co Ltd is a China-based company mainly engaged in the research and development, design and sales of Internet of Things (IoT) communication chips and modules. The Company mainly provides customers with overall solutions for the IoT. The Company is also engaged in the technical development of related compilers, tool chains, operating systems, application development frameworks, etc. The Company's products mainly include ESP8266, ESP32, ESP32-C and ESP32-S IoT chip product series. Its products are mainly used in smart home, electrician, lighting, smart speakers, consumer electronics, mobile payment, industrial control and other IoT fields. The Company mainly conducts its businesses in domestic and overseas markets.