Huirong Technology announced its fourth-quarter 2021 financial report, with revenue of US$264.36 million, reaching the expected high standard, an increase of 4% compared with the previous quarter, and the same period of the previous year. Compared with the sharp increase of 84%. Gross profit margin in the fourth quarter was 49.9%, and net profit after tax was US$67.54 million.
Huirong Technology said that the single-quarter revenue of SSD control chips hit a record high, with an increase of 15% to 20% compared with the previous quarter, and the annual revenue increased by 75% to 80%.
Gou Jiazhang, general manager of Huirong Technology, said: "Looking forward to 2022, we expect another wave of dazzling growth, mainly driven by our SSD controller chip revenue. We believe that PCIe Gen 4 will still be the PC in the next few years. The mainstream specifications of the market, judging from the number of new cases we are expanding in the PC OEM market, it is expected that our PCIe Gen 4 SSD controller chip will take half of the entire PC OEM market by the end of this year to the beginning of next year."
Huirong Technology is an SSD control chip manufacturer with more than 20 years of design and development experience, providing solutions for SSD and other solid-state storage devices, which are used in data centers, personal computers, smartphones, commercial and industrial control applications.
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