Core Viewpoint - The report highlights the financial performance and operational developments of Guangdong Leadyo IC Testing Co., Ltd. for the first half of 2025, emphasizing growth in revenue and the strategic importance of independent third-party integrated circuit testing in the semiconductor industry. Financial Performance - The company reported a revenue of approximately 284 million RMB for the first half of 2025, representing a 23.09% increase compared to the same period last year [4][5]. - The total profit for the period was approximately -8.95 million RMB, an improvement from -16.37 million RMB in the previous year [4][5]. - The net profit attributable to shareholders was approximately -7.06 million RMB, also showing improvement from -8.44 million RMB year-on-year [4][5]. - The company’s net assets increased by 1.82% to approximately 1.13 billion RMB compared to the end of the previous year [4][5]. Industry Overview - The company operates in the integrated circuit testing sector, which is classified under the "C3973 Integrated Circuit Manufacturing" category of the national economic industry classification [6][7]. - The integrated circuit testing industry is characterized by high capital intensity and requires significant investment in testing platforms and technology upgrades to meet the increasing complexity of chips [6][7]. - The demand for independent third-party testing services is growing due to the rising complexity of chips and the need for personalized testing solutions [6][7]. Technological Advancements - The company has developed 44 categories of chip testing solutions and completed mass testing for thousands of chip models, leveraging a vast database of testing data [8][9]. - The company focuses on high-performance chips, including CPU, GPU, and AI applications, and has established a competitive edge in various emerging product applications such as 5G communications and automotive electronics [8][9]. - Continuous investment in research and development is crucial for maintaining technological leadership and adapting to market demands [10][11]. Strategic Positioning - The company aims to enhance its market position by expanding its capabilities in automotive electronics, industrial control, and high-performance computing sectors [9][10]. - The establishment of long-term partnerships with chip design companies is essential for developing tailored testing solutions that meet specific product requirements [7][9]. - The company’s ability to quickly develop testing solutions in response to market needs is a significant competitive advantage [9][10].

Company Overview - Guangdong Liyang Chip Testing Co., Ltd. is listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board with the stock code 688135 [2] - The company reported total assets of approximately CNY 2.61 billion at the end of the reporting period, reflecting a 0.68% increase from the previous year [2] - The net assets attributable to shareholders increased by 1.82% to approximately CNY 1.13 billion [2] Financial Performance - The company's operating revenue for the reporting period was approximately CNY 284 million, representing a 23.09% increase compared to the same period last year [2] - The total profit for the period was a loss of approximately CNY 8.95 million, an improvement from a loss of CNY 16.37 million in the previous year [2] - The net profit attributable to shareholders was a loss of approximately CNY 7.06 million, compared to a loss of CNY 8.44 million in the same period last year [2] - The net cash flow from operating activities was approximately CNY 100.79 million, down 9.40% from the previous year [2] - The weighted average return on net assets improved to -0.64%, up from -0.76% [2] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,099 [2] - The largest shareholder, Huang Jiang, holds 29.61% of the shares, amounting to approximately 59.95 million shares [5] - Other significant shareholders include Qu Hao with 3.55% and Zhang Liping with 3.07% [5]

Core Viewpoint - Liyang Chip (688135.SH) reported a net loss of 7.06 million yuan for the first half of 2025 despite a revenue increase of 23.09% year-on-year, indicating challenges in profitability [1] Financial Performance - The company achieved a revenue of 284 million yuan, reflecting a year-on-year growth of 23.09% [1] - The net loss attributable to shareholders was 7.06 million yuan [1] - The non-recurring net profit loss was 6.76 million yuan [1] - Basic earnings per share were reported at -0.04 yuan [1]

Core Insights - Liyang Chip (688135) reported a revenue of 284 million yuan for the first half of 2025, representing a year-on-year growth of 23.09%, while the net profit attributable to shareholders was a loss of 7.06 million yuan, indicating a narrowing of losses compared to the previous year [1] - The company specializes in integrated circuit testing services, having developed 44 categories of testing solutions and completed mass production testing for thousands of chip models, with applications across various sectors including communications, computing, consumer electronics, automotive electronics, and industrial control [1] Business Performance - The revenue from integrated circuit testing services reached 277 million yuan in the first half of 2025, a year-on-year increase of 21.85%, with the second quarter achieving a record high of 150 million yuan in revenue [2] - The significant growth in testing revenue was driven by sustained demand from existing clients and the introduction of new products from newly acquired clients [2] - Revenue from wafer thinning services surged to 6.75 million yuan, marking a year-on-year increase of 111.61%, attributed to the company's strategic focus on wafer thinning and related technologies [2] - The company achieved a net profit of 523,400 yuan in the second quarter of 2025, reflecting improved profitability alongside rising revenues [2] Research and Development - Liyang Chip invested 37.31 million yuan in R&D during the reporting period, accounting for 13.13% of its revenue, emphasizing the importance of R&D in its growth strategy [3] - The company aims to address the imbalance in the integrated circuit testing sector, where there is a lack of full-process professional testing service providers to meet the high demand from design companies [3] - Future investments will focus on high-reliability testing capacities for GPUs, CPUs, AI, FPGAs, and automotive chips, enhancing the company's ability to provide efficient testing solutions and fostering a collaborative ecosystem within the industry [3]

Core Insights - The company reported a revenue of 284.04 million yuan for the first half of 2025, representing a year-on-year growth of 23.09% [2][3] - The net profit attributable to shareholders was a loss of 7.06 million yuan, showing a narrowing of losses compared to the previous year [2][3] - The net profit after deducting non-recurring gains and losses was a loss of 6.76 million yuan [2][3] Financial Performance - Total revenue for the reporting period was 284.04 million yuan, up from 230.75 million yuan in the same period last year, marking a 23.09% increase [3] - The total profit for the period was a loss of 8.95 million yuan, an improvement from a loss of 16.37 million yuan year-on-year [3] - The net cash flow from operating activities was 100.79 million yuan, down 9.40% from 111.24 million yuan in the previous year [3] Segment Performance - Revenue from integrated circuit testing reached 277.29 million yuan, a 21.85% increase year-on-year, with the second quarter achieving a record high of 150.26 million yuan [2][3] - The growth in testing revenue was driven by sustained demand from existing customers and new product introductions [2][3] - Revenue from wafer thinning and related services was 674.54 thousand yuan, up 111.61% year-on-year, attributed to the company's strategic layout and capacity release [4] Strategic Developments - The company is implementing a "one body, two wings" strategy, focusing on wafer thinning and laser grooving as extensions of its integrated circuit testing services [4] - A partnership with Dieling Optoelectronics has been established to provide unique services in wafer hetero-layering and testing [4] - The technology developed by Dieling Optoelectronics aims to enhance imaging capabilities under various weather conditions, supporting advancements in autonomous driving and robotics [4]

天眼查商业履历信息显示，广东利扬芯片测试股份有限公司，成立于2010年，位于东莞市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本20030.914万人民币，实缴资本 9983.4265万人民币。公司法定代表人为黄江。 资金流向方面，今日主力资金净流入1172.44万元，占比成交额3.06%。其中，超大单净流入2180.47万 元、占成交额5.7%，大单净流出1008.03万元、占成交额2.63%，中单净流出流出506.31万元、占成交额 1.32%，小单净流出666.13万元、占成交额1.74%。 利扬芯片最新一期业绩显示，截至2025中报，公司营业总收入2.84亿元、同比增长23.09%，归属净利润 706.11万元，同比增长16.38%，扣非净利润675.96万元，同比增长15.33%，流动比率1.346、速动比率 1.305、资产负债率56.21%。 金融界消息 截至2025年8月25日收盘，利扬芯片（688135）报收于24.1元，上涨3.21%，换手率7.88%， 成交量16.00万手，成交金额3.83亿元。 通过天眼查大数据分析，广东利扬芯片测试股份有限公司共对外投资了1 ...

截至发稿，利扬芯片市值为49亿元。 每经AI快讯，利扬芯片（SH 688135，收盘价：24.1元）8月25日晚间发布半年度业绩报告称，2025年上 半年营业收入约2.84亿元，同比增加23.09%；归属于上市公司股东的净利润亏损约706万元；基本每股 收益亏损0.04元。2024年同期营业收入约2.31亿元；归属于上市公司股东的净利润亏损约844万元；基本 每股收益亏损0.04元。 每经头条（nbdtoutiao）——A股成交连续8天破2万亿元，券商招聘也来了！行业巨头秋招"求才"，25个 岗位都有什么特点？ （记者 张喜威） ...

格隆汇8月25日丨利扬芯片(688135.SH)公布半年度报告，报告期内，公司实现营业收入28,403.67万元， 较上年同期增长23.09%，实现归属于上市公司股东的净利润-706.11万元，净利润亏损有所收窄；实现 归属于母公司所有者的扣除非经常性损益的净利润为-675.96万元。 ...

| 证券代码：688135 | 证券简称：利扬芯片 | 公告编号：2025-045 | | --- | --- | --- | | 证券代码：118048 | 转债简称：利扬转债 | | 广东利扬芯片测试股份有限公司 2025 年半年度募集资金存放、管理与实际使用情况的专项报告 本公司董事会及全体董事保证公告内容不存在虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、募集资金基本情况 （一）募集资金金额和资金到账时间 根据中国证券监督管理委员会出具的《关于同意广东利扬芯片测试股份有限 公司向不特定对象发行可转换公司债券注册的批复》（证监许可〔2024〕266 号）， 广东利扬芯片测试股份有限公司（以下简称"公司"）获准向不特定对象发行面 值总额为人民币 52,000.00 万元的可转换公司债券，期限 6 年。公司本次发行可 转换公司债券应募集资金 52,000.00 万元，实际募集资金 52,000.00 万元，扣除 保荐及承销费、审计及验资费、律师费、资信评级费、信息披露及证券登记费等 其他发行费用合计(不含税)人民币 7,110,905.68 元后，实际募 ...

广东利扬芯片测试股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日在上海证券交易所网站(www.sse.com.cn)披露《2025 年半年度报告》。为方 便广大投资者更加全面、深入地了解公司 2025 年半年度经营成果、财务状况， 公司计划于 2025 年 9 月 11 日(星期四)上午 11:00-12:00 举行 2025 年半年度业 绩说明会，此次活动将采用网络文字互动的方式举行，投资者可登录上海证券交 易所上证路演中心（http://roadshow.sseinfo.com/）参与线上互动交流。 一、说明会类型 本次投资者说明会以网络文字互动形式召开，公司将针对 2025 年半年度的 经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许 的范围内就投资者普遍关注的问题进行回答。 | 证券代码：688135 | 证券简称：利扬芯片 | 公告编号：2025-042 | | --- | --- | --- | | 证券代码：118048 | 转债简称：利扬转债 | | 广东利扬芯片测试股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及全体董事保证 ...