Group 1 - Semiconductor stocks showed significant gains in early trading, with Hongguang Semiconductor rising by 7.14% to HKD 0.6, Huahong Semiconductor up by 4.78% to HKD 49.58, Jingmen Semiconductor increasing by 3.16% to HKD 0.49, and SMIC rising by 2.88% to HKD 53.55 [1] - The National Internet Information Office of China has raised concerns regarding security risks associated with backdoor vulnerabilities in NVIDIA's computing chips, following reports of the U.S. embedding tracking devices in AI-related chips to monitor their transfer to China [1] - According to a report from Founder Securities, there is a strong outlook for two key directions in the semiconductor industry: self-controllability and edge AI. The report emphasizes that self-controllability is the main focus, with the domestic supply chain strengthening across AI computing, manufacturing, and packaging [1] Group 2 - Despite the current state of domestic AI computing chips being in a catch-up phase, the continuous iteration of products and the gradual enhancement of supply chain capabilities are expected to lead to an increase in market share [1]

（文章来源：每日经济新闻） 每经AI快讯，8月14日，港股半导体股拉升走高，华虹半导体、晶门半导体涨超5%，中芯国际、宏光半 导体涨近4%，上海复旦涨超2%。 ...

本文源自：财华网 【财华社讯】晶门半导体(02878.HK)公布，截至2025年6月30日止6个月，集团销售额4593.4万美元，同 比减少25.8%；毛利为1817.5万美元，毛利率为39.6%；公司拥有人应占溢利400.3万美元，同比减少 46.4%；每股基本溢利0.16美仙。不派中期股息。 ...

晶门半导体公布截至2025年6月30日止的六个月业绩。期内，集团销售额为4593.4万美元，同比下降 25.8%。公司股东应占溢利为400.3万美元，同比减少46.42%，每股基本溢利为0.16美仙。 集团在此期间的付运量为约1.51亿件，较去年同期(1.7亿件)减少11.3%，但较2024年下半年(1.23亿件)增 长22.4%。付运量下降的主要原因是最新一代产品推出延迟。由于终端产品价格持续下跌以及行业竞 争，产品平均价格有所下降。 ...

Core Viewpoint - Jingmen Semiconductor (02878.HK) reported a significant decline in sales and profit for the six months ending June 30, 2025, indicating potential challenges in the company's financial performance [1] Financial Performance - The company achieved a sales revenue of $45.934 million, representing a year-on-year decrease of 25.8% [1] - Profit attributable to the owners of the company was $4.003 million, down 46.42% compared to the previous year [1] - Basic earnings per share were recorded at 0.16 cents [1]

Core Insights - The company reported a sales revenue of $45.934 million for the six months ending June 30, 2025, representing a year-on-year decrease of 25.8% [1] - The profit attributable to the company's owners was $4.003 million, down 46.42% compared to the previous year [1] - Basic earnings per share were $0.16 [1] Sales and Shipment Performance - The shipment volume decreased by 11.3% year-on-year to approximately 15.1 million units, but increased by 22.4% compared to the second half of 2024, which had a shipment volume of 12.3 million units [1] - The decline in shipment volume was primarily due to delays in the launch of the latest generation products [1] Pricing and Profitability - The average selling price of products decreased due to ongoing price reductions in end products and increased competition within the industry [1] - Despite the decrease in sales revenue, the company's gross margin remained stable compared to the same period last year [1]

集团于截至2025年6月30日止6个月(期内)付运量较去年同期(1.7亿件)减少11.3%至约1.51亿件，与2024年 下半年(1.23亿件)相比则增加22.4%。付运量下跌主要由于最新一代产品延迟推出。基于终端产品持续降 价，加上行内竞争，令产品平均价格下降，在付运量减少的情况下，集团销售收入较去年同期(6190万 美元)下跌25.8%至4590万美元。相比去年同期，集团于期内毛利率保持稳定。 晶门半导体(02878)发布截至2025年6月30日止6个月业绩，该集团期内取得销售额4593.4万美元，同比减 少25.8%;公司拥有人应占溢利400.3万美元，同比减少46.42%;每股基本溢利0.16美仙。 ...

格隆汇8月13日丨晶门半导体(02878.HK)公告，截至2025年6月30日止6个月中期业绩，销售额下跌约 25.8%至4590万美元；集团于期内录得母公司拥有人应占净溢利为400万美元(2024年上半年：750万美 元)。董事会不建议宣派截至2025年6月30日止6个月的中期股息。 2025年上半年，美国推出的一系列极端贸易政策和关税措施对环球经济造成连串冲击。中国经济虽有见 增长，消费市道仍然疲弱。终端产品降价压力仍未消退，导致各行业向上游下单仍然谨慎。纵使晶圆可 以提供降价空间减轻集团成本压力，仍然不足以完全抵销由终端产品传导的降价压力。基于终端产品持 续降价，加上行内竞争，令产品平均价格下降，在付运量减少的情况下，集团销售收入较去年同期下跌 25.8%至4590万美元。相比去年同期，集团于期内毛利率保持稳定。 ...

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) The company's financial performance for H1 2025 shows a decline in sales and profit, alongside stable gross margin - **Financial Highlights for the Six Months Ended June 30, 2025** | Metric | Value | | :--- | :--- | | Sales Revenue | **$45.9 million** (-25.8% YoY) | | Gross Profit | **$18.2 million** | | Gross Margin | **39.6%** | | Net Profit Attributable to Owners of the Company for the Period | **$4.0 million** | | Earnings Per Share | **0.16 US Cents** | [Interim Results](index=2&type=section&id=Interim%20Results) This section provides a comprehensive overview of the company's financial performance and position for H1 2025 [Interim Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For H1 2025, sales revenue and net profit declined significantly due to weak market demand, despite an improved gross margin - **Key Profit or Loss Statement Data (For the Six Months Ended June 30)** | Item (Thousand USD) | 2025 | 2024 | YoY Change | | :--- | :--- | :--- | :--- | | Sales Revenue | 45,934 | 61,915 | -25.8% | | Gross Profit | 18,175 | 19,843 | -8.4% | | Research and Development Costs | (9,943) | (7,999) | +24.3% | | Profit Before Tax | 4,104 | 7,557 | -45.7% | | Profit Attributable to Owners of the Company | 4,003 | 7,471 | -46.4% | | Basic Earnings Per Share (US Cents) | 0.16 | 0.30 | -46.7% | [Interim Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's financial position remained robust with increased total assets and net assets, supported by strong liquidity - **Key Financial Position Statement Data (Thousand USD)** | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Assets** | | | | Inventories | 23,861 | 13,357 | | Cash and Cash Equivalents | 112,513 | 104,242 | | Total Current Assets | 164,941 | 152,710 | | Total Assets | 176,492 | 163,706 | | **Liabilities and Equity** | | | | Accounts Payable and Other Payables | 30,930 | 22,974 | | Total Current Liabilities | 34,182 | 24,762 | | Net Assets | 141,123 | 137,041 | | Total Equity | 141,123 | 137,041 | [Summary of Notes to Financial Statements](index=5&type=section&id=中期簡明綜合財務資料附註) The notes detail the company's core IC chip business, revealing declining sales across all regions and product categories, with no interim dividend declared - The company operates as a fabless semiconductor group, specializing in the design, development, and sale of IC chips and system solutions for various smart product display and touch applications[6](index=6&type=chunk)[11](index=11&type=chunk) - **Sales Revenue by Geographical Market (Thousand USD)** | Region | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Hong Kong | 28,033 | 36,878 | | Europe | 7,243 | 11,891 | | Taiwan | 7,029 | 8,538 | | Others | 3,629 | 4,508 | - **Sales Revenue by Product Category (Thousand USD)** | Product Category | H1 2025 | H1 2024 | | :--- | :--- | :--- | | New Display ICs | 29,621 | 36,385 | | OLED Display ICs | 7,270 | 8,843 | | Mobile Display and Mobile Touch ICs | 5,879 | 9,826 | | Large Display ICs | 3,164 | 6,861 | - The Board resolved not to declare an interim dividend for the six months ended June 30, 2025[29](index=29&type=chunk) [Management Discussion and Analysis](index=12&type=section&id=Management%20Discussion%20and%20Analysis) This section reviews the company's operational performance, financial results, and strategic outlook [Business Review and Outlook](index=12&type=section&id=Business%20Review%20and%20Outlook) In H1 2025, sales revenue declined due to market pressures, but the company aims to drive future growth through strategic new product introductions - Influenced by macroeconomic conditions and industry competition, the company faced downward pricing pressure on end products, leading to decreased shipment volume and average selling prices[32](index=32&type=chunk) - Looking ahead to the second half, despite market uncertainties, the company plans to expand its market reach by launching new products, including seven-color e-paper label ICs, automotive display ICs, and portable e-book reader ICs, which are expected to drive shipment volume and profitability[41](index=41&type=chunk)[42](index=42&type=chunk) [New Display ICs](index=12&type=section&id=New%20Display%20ICs) The company adapts to electronic shelf label market shifts by developing advanced multi-color display ICs and expanding into new e-paper applications - The electronic shelf label market completed its transition from three-color to four-color displays, with a temporary suspension of US tariff policy stimulating early orders from retailers, boosting short-term demand, though market competition also led to lower average selling prices[33](index=33&type=chunk) - The company is developing IC products supporting seven-color (E5 3-bit) e-paper display label IC products, with samples planned for Q4 this year, and is committed to expanding color e-paper technology into new applications like digital photo frames and electronic badges[34](index=34&type=chunk) [OLED Display ICs](index=13&type=section&id=OLED%20Display%20ICs) As a leading PMOLED display driver IC manufacturer, the company expands its portfolio and pioneers mini/micro-LED solutions for high-value applications - The company is the world's largest PMOLED display driver IC manufacturer, and despite a decline in shipment volume and revenue for this business during the period, gross margin remained stable as the company continues to promote icon ICs for smart home appliances and new ICs supporting transparent displays[35](index=35&type=chunk) - In the mini/micro-LED segment, the company is a pioneer, having launched the world's first small-sized passive micro-LED display driver IC and actively expanding its application in high-value-added projects such as automotive devices[36](index=36&type=chunk) [Mobile Display and Mobile Touch ICs](index=13&type=section&id=Mobile%20Display%20and%20Mobile%20Touch%20ICs) This business line experienced significant declines in shipment and revenue due to delayed new product launches, but the company is developing new automotive display solutions - Affected by delayed new product launches, this business line experienced a significant decline in shipment volume and revenue, while demand for game controller ICs slowed due to market saturation[37](index=37&type=chunk) - The company is leveraging its TDDI technology to develop mini-LED backlight solutions, with standard ICs for automotive HUD (Head-Up Display) applications expected to be launched in H2 2025[38](index=38&type=chunk) [Large Display ICs](index=14&type=section&id=Large%20Display%20ICs) Facing intense competition in monitor and smart TV markets, the company accelerates product upgrades and expands its e-paper market presence with new display ICs - Due to intense competition in the monitor and smart TV markets, shipment volume and revenue for large display IC products experienced a significant decline, prompting the company to accelerate product upgrades and launch more high refresh rate, high-resolution premium products[39](index=39&type=chunk) - The company has a broad presence in the e-paper market, with ultra-large e-paper whiteboard and retail signage driver ICs scheduled for mass production in H2 2025, while also developing new driver ICs for portable black and white e-book readers to explore new niche markets[40](index=40&type=chunk) [Financial Review](index=16&type=section&id=Financial%20Review) Revenue decreased by **25.8%** in H1 2025, but gross margin improved to **39.6%**, and the company maintained a strong financial position with ample cash and liquidity - **Financial Performance Review** | Item | H1 2025 (Million USD) | H1 2024 (Million USD) | | :--- | :--- | :--- | | Revenue | **$45.9** | **$61.9** | | Gross Profit | **$18.2** | **$19.8** | | Gross Margin | **39.6%** | **32.0%** | | R&D Expenses | **$9.9** | **$8.0** | | Net Profit | **$4.0** | **$7.5** | - **Liquidity Ratios** | Item | June 30, 2025 (Million USD) | December 31, 2024 (Million USD) | | :--- | :--- | :--- | | Net Current Assets | **$130.8** | **$127.9** | | Current Ratio | **4.83** | **6.17** | | Total Cash and Deposits | **$116.0** | **$107.7** | - As of June 30, 2025, the company had **322** employees, with total staff costs and benefits increasing by **7.2%** year-over-year to **$11.9 million**, primarily due to an increase in R&D personnel[52](index=52&type=chunk) [Corporate Governance and Other Information](index=18&type=section&id=Corporate%20Governance%20and%20Other%20Information) This section details the company's adherence to corporate governance standards and provides additional disclosures [Compliance and Review](index=18&type=section&id=Compliance%20and%20Review) The company strictly adhered to corporate governance codes, with its unaudited interim financial information reviewed by the Audit Committee and independent auditor - The company has consistently complied with all applicable provisions of the Corporate Governance Code for the six months ended June 30, 2025[54](index=54&type=chunk) - During the reporting period, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[56](index=56&type=chunk) - The unaudited condensed consolidated interim financial information has been reviewed by the company's independent auditor, Ernst & Young[57](index=57&type=chunk) [Definitions and Glossary](index=19&type=section&id=Definitions%20and%20Glossary) This section provides clear definitions for key professional terms and abbreviations used throughout the report - This section provides definitions for professional terms and abbreviations used in the report, such as IC (Integrated Circuit chips), OLED (Organic Light-Emitting Diode), and TDDI (Touch and Display Driver Integration)[59](index=59&type=chunk)

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 晶門半導體有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02878 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 ...