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Title : Chinese CIS Companies Report All-Time High Profits
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Chinese CIS Companies Report All-Time High Profits

SecuritiesTimes: Omnivision's net profit in 2021 is expected to be in range of 4.468 billion to 4.868 billion yuan, a year-on-year increase of 65.13% to 79.91%. The net profit after deducting "non-deductible items" (?) is 3.918 billion to 4.268 billion yuan, a year-on-year increase of 74.51% to 90.10%.

Galaxycore too expects operating income of 6.652 billion to 7.492 billion yuan in 2021, net profit of 1.135 billion to 1.35 billion yuan, a year-on-year increase of 46.83% to 74.57%; Profits ranged from 1.086 billion to 1.291 billion yuan, a year-on-year increase of 41.75% to 68.52%, both of which are expected to exceed the revenue growth rate over the same period.

Indeed, Strategy Analytics reports show that Omnivision and other Chinese companies increase their smartphone CIS market share at the expense of Sony and Samsung:

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