Espressif Systems (Shanghai) Co.Ltd(688018) release performance forecast. It is estimated that the net profit attributable to the owners of the parent company in 2021 will be 190 million yuan to 210 million yuan, with a year-on-year increase of about 83% to 102%.
The operating revenue of the current period increased by about 65% – 70%. The overall shipment of products across the line increased by 30% – 40% year-on-year. A large amount of investment in R & D increased, resulting in a year-on-year increase of 38% – 43% in R & D expenses.
