Zhuoshengwei expects a net profit of 1 billion to 1.05 billion in 2020, a year-on-year increase of 101.14% to 111.2%.

On January 12, Zhanrui Micro released its 2020 annual performance forecast, saying that its net profit in 2020 is expected to be 1 billion to 1.05 billion yuan, a year-on-year increase of 101.14% to 111.2%.

Zhuoshengwei said that during the reporting period, while earnestly doing a good job in epidemic prevention and control, the company focused on long-term development strategies, focused on technological innovation, and accelerated the transformation of independent research and development results. Benefiting from the development of 5G communication technology and the company's early product layout, the company's antenna switch products have further gained high recognition in the market; at the same time, the company's RF module products have been gradually adopted by many well-known manufacturers and entered mass production. During the reporting period, the company's product structure was further optimized and adjusted, and customer penetration continued to increase.

During the reporting period, non-recurring gains and losses had an impact of approximately RMB43.059 million on the net profit attributable to the company's shareholders.