Business Daily Media

Men's Weekly

.

BaTeLab Announces 2023 Annual Results

Revenue Up 31.6% Gross Profit Margin Reached Over 55%
Actively Consolidates its Core Competitiveness of "EDA+IP+Design"
Continued to Focus on High-end Industrial-grade Analog IC Patterned Wafer Business

HONG KONG SAR - Media OutReach Newswire - 26 March 2024 - BaTeLab Co.

, 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.

News from Asia

Jupiter Neurosciences Launches Nugevia™ Website and Opens Pre-Orders for Groundbreaking Longevity Supplements

Targeting the Multi-Trillion Dollar Longevity MarketHONG KONG SAR - Media OutReach Newswire - 27 August 2025 - Jupiter Neurosciences, Inc. (NASDAQ: JUNS) ("Jupiter" or the "Company"), a clinical-s...

HID Unveils Next-Generation FIDO Hardware and Centralized Management at Scale

The Next Generation of HID’s FIDO Portfolio Features Hardware Authenticators and a Centralized Management Experience that Simplifies Passkey DeploymentHONG KONG SAR - Media OutReach Newswire - 27 ...

Marking 30 Years of Excellence, EtonHouse International Education Group Pledges $3 Million to EtonHouse Community Fund to Strengthen Community Impact

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Marking 30 years of excellence in education, EtonHouse International Education Group, together with E-Bridge Pre-School, has pledged $3 milli...

Trend Micro Named a Leader in Exposure Management by IDC MarketScape

Measurable reduction of operational silos and cyber risk delivered with Trend Vision One™ Cyber Risk Exposure ManagementHONG KONG SAR - Media OutReach Newswire - 27 August 2025 - Trend Micro Inc...

Genius Mind Expands Service Scope Beyond Academics to Include Coding, Financial Literacy, and AI Skills

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Genius Mind, one of Singapore's trusted names in home-based education matching, has announced the expansion of its offerings to include codi...

Better Than Normal Launches Integrated AI Marketing and Coaching System for Singapore’s Service Professionals

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Better Than Normal Pte Ltd, a Singapore-based brand strategy and AI marketing consultancy, is transforming how service-based professionals es...

Atlas Consolidated Secures USD 18.1 Million Series B Funding led by Tin Men Capital to Accelerate Global Adoption of HugoHub

The Asia-based Banking-as-a-Service provider aims to significantly accelerate the growth of HugoHub, Atlas’s modular cloud-native digital banking platform SINGAPORE - Media OutReach Newswire - 27 ...

Together Diamonds Launches in Singapore as the First Keepsake Diamond Atelier for Life’s Milestones, Not Just Memorials

SINGAPORE - Media OutReach Newswire - 27 August 2025 - Together Diamonds, Singapore's first homegrown keepsake diamond atelier, has officially launched with a mission to transform life's mileston...

TCMA leads Thai cement industry to reaffirm climate action leadership towards Net Zero 2050 at 2025 TCMA Technical Conference and Exhibition

BANGKOK, THAILAND - Media OutReach Newswire - 27 August 2025 - Thai Cement Manufacturers Association (TCMA) successfully hosted its flagship event, the "2025 TCMA Technical Conference and Exhibi...

Tanoto Foundation Develops Impactful Future Leaders at Tanoto Scholars Gathering 2025

SINGAPORE - Media OutReach Newswire - 27 August 2025 - High unemployment among educated youth and a lack of leadership readiness are significant challenges on Indonesia's path to its "Golden Indon...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Quickli launches new SMSF product as free beta for limited time only

The leading technology provider for Australian mortgage brokers, Quickli, has answered the prayers of brokers yet again with the launch of a stand...

Portable Monitors for Coding and Programming Students

Today, coding and programming require more focus and efficiency. But, the most essential thing it demands is ample screen space. Students can stru...

Sell by LayBy