Core Viewpoint - The company, Sitway (688213.SH), anticipates a net profit attributable to shareholders to increase by 140% to 169% year-on-year for the first three quarters of 2025, driven by rising shipments of high-end CMOS image sensor (CIS) chips and improved profitability from product structure optimization and capacity utilization [1][4]. Group 1: Performance and Growth - The growth in performance is primarily attributed to the continuous increase in shipments of high-end CIS chip products [4]. - The company has accelerated its layout in niche markets such as automotive imaging, security monitoring, and industrial vision, launching several new high-performance CIS products that have gained wide recognition from domestic and international clients [4]. - The demand for CIS chips is expanding due to the rapid development of emerging applications like AI vision and intelligent driving, with the company’s high-pixel and low-power series products achieving mass production across multiple industries, further solidifying its market position [4]. Group 2: Industry Position and Future Strategy - As one of the leading domestic CIS companies, Sitway benefits from the recovery in sectors such as automotive electronics, security, and consumer electronics, highlighting the performance advantages of its products and broad growth potential [4]. - The company plans to continue increasing its R&D investment, enhancing the integration of AI vision algorithms and ISP technology, and promoting the domestic substitution process of high-end imaging chips to strengthen its core competitiveness [4].

Performance - Cambrian's Q3 revenue reached 1.727 billion yuan, a year-on-year increase of 1332.52%; net profit was 567 million yuan [1] - Hikvision's Q3 net profit grew by 20.31% year-on-year [5] - Sitaiwei's net profit for the first three quarters is expected to increase by 140% to 169% year-on-year [5] - Northern Heavy Industries anticipates a year-on-year net profit increase of 56.90% to 70.74% for the first three quarters [5] - Jintian's net profit for the first three quarters increased by 104.37% year-on-year [5] - Yingshi Network's Q3 net profit grew by 28.73% year-on-year [5] - Sankeshu's net profit for the first three quarters increased by 81.22% year-on-year, with a proposed dividend of 5 yuan per 10 shares [5] - Pianzaihuang's Q3 net profit decreased by 28.82% year-on-year [5] - Shentong Technology's Q3 net profit surged by 452.62% year-on-year [5] - Huayou Cobalt's net profit for the first three quarters increased by 39.59% year-on-year [5] - Guotou Power's Q3 power generation reached 47.891 billion kWh, a year-on-year decrease of 14.42% [5] - Rongbai Technology reported a Q3 net loss of 135 million yuan [5] - Zijin Mining's Q3 net profit increased by 52.25% year-on-year [5] - Haida Group's net profit for the first three quarters increased by 14.31%, planning to spin off its subsidiary Haida Holdings for a Hong Kong listing [5] Share Buybacks and Reductions - Fujirui plans to repurchase shares worth 10 million to 20 million yuan [3] - Tonghua Dongbao intends to repurchase shares worth 20 million to 40 million yuan [3] - Shenzhen New Star plans to adjust the maximum repurchase price to no more than 30 yuan per share [3] - Sanhua Intelligent Control has raised the maximum repurchase price and extended the implementation period [3] - Dayang Electric has also raised the maximum repurchase price and extended the implementation period [3] - Hunan Baiyin's controlling shareholder plans to reduce its stake by no more than 2% [5] - Shengbang shares' controlling shareholder plans to reduce its stake by no more than 1.28% [5] - Liandong Technology's actual controller plans to reduce its stake by no more than 2.9963% [5] - Juxing Agriculture's shareholder plans to reduce its stake by no more than 2% [5] - Aerospace Engineering's shareholders plan to reduce their stakes by no more than 6% [5] Contracts and Collaborations - Yongmaotai signed a strategic cooperation framework agreement with a leading humanoid robot company [3] - Xinjiang Jiaojian won a construction project worth 556 million yuan [4] - Jingjiawei signed a strategic cooperation agreement with Cangqiong Digital to create a fully domestic integrated solution [3] - Shengshi Technology signed a contract for a project worth 102 million yuan at Hunchun Port [3] - Robotech signed a contract worth approximately 761 million yuan, accounting for about 68.83% of the company's 2024 revenue [3] - Guangdong Construction's subsidiary signed a cooperation framework agreement with the Maoming Binhai New Area Management Committee [3] Mergers and Acquisitions - Jingwei Huikai plans to acquire 100% of Zhongxing System for 850 million yuan, entering the private network communication field [6] - Weigao Blood Purification intends to purchase 100% of Weigao Purui's shares, with stock trading suspended from October 20 [6] - GoerTek terminated its planned acquisition of Mia Precision Technology and Changhong Industrial [6] Financing - Changsha Bank received regulatory approval to issue capital instruments not exceeding 12 billion yuan [6]

Core Viewpoint - The company, Sitwei, has reported significant growth in revenue and net profit for the first three quarters of 2025, driven by breakthroughs in four key areas: smartphones, automotive electronics, smart security, and machine vision [3][4] Revenue Performance - The company expects to achieve revenue between 6.1 billion to 6.5 billion yuan from January 1 to September 30, 2025, representing an increase of 1.892 billion to 2.292 billion yuan compared to 4.208 billion yuan in the same period last year, with a growth rate of 45% to 54% [3] - The net profit attributable to the parent company is projected to be between 656 million to 736 million yuan, an increase of 383 million to 463 million yuan from 273 million yuan in the previous year, reflecting a growth rate of 140% to 169% [3] - The net profit excluding non-recurring gains and losses is expected to be between 646 million to 726 million yuan, an increase of 341 million to 422 million yuan year-on-year, with a growth rate of 112% to 138% [3] Key Growth Drivers - **Smartphone Sector**: The company has seen a surge in shipments of high-end products, particularly those based on LoficHDR®2.0 technology, which have gained market recognition due to their high dynamic range, low noise, and low power consumption [4] - **Automotive Electronics**: New generation products for intelligent driving have experienced significant year-on-year growth, enhancing the company's market share in the automotive CIS sector [4] - **Smart Security and Machine Vision**: The company has expanded its share in the professional security market with high-end products and has capitalized on opportunities in the emerging machine vision sector, leading to substantial revenue growth [4] - **Scale Effect**: The continuous expansion of revenue across various sectors has led to a notable improvement in profit margins, demonstrating a simultaneous advancement in revenue growth and profit quality [4]

Core Viewpoint - The company, Sitoway, anticipates significant growth in its performance for the first three quarters of 2025, with substantial increases in both revenue and net profit compared to the previous year [1][2]. Financial Performance - Expected revenue for the first three quarters of 2025 is projected to be between 6.1 billion to 6.5 billion yuan, representing an increase of 1.89 billion to 2.29 billion yuan, or a growth rate of 45% to 54% [1]. - The anticipated net profit for the same period is estimated to be between 656 million to 736 million yuan, an increase of 383 million to 463 million yuan, translating to a growth rate of 140% to 169% [1]. - The expected non-GAAP net profit is projected to be between 646 million to 726 million yuan, with an increase of 340 million to 421 million yuan, reflecting a growth rate of 112% to 138% [1]. Business Segments - In the smartphone sector, the company has deepened collaborations with multiple clients, leading to a significant increase in the shipment of high-end 50-megapixel products based on LoficHDR®2.0 technology [1][3]. - In the automotive electronics field, the company has seen a substantial rise in the shipment of products related to intelligent driving and in-cabin applications [2]. - The company has also experienced growth in the high-end security product segment and the emerging machine vision market, enhancing its profitability as revenue scales up [2]. Market Trends - The global CMOS image sensor (CIS) market is expected to grow at a compound annual growth rate of 4.4%, increasing from 23.2 billion USD in 2024 to 30.1 billion USD by 2030, with smartphones being the largest downstream application [3]. - Continuous investment by smartphone manufacturers in imaging performance is driving the development of the CIS market, as consumer demands for photo and video quality increase [3]. Stock Performance - The company's stock has shown a fluctuating upward trend throughout the year, with a recent price of 101.47 yuan per share, reflecting a year-to-date increase of over 30% [4].

Core Insights - The company, Sitwei, expects a net profit attributable to shareholders of approximately 656 million to 736 million yuan for the first three quarters of 2025, representing an increase of about 383 million to 463 million yuan compared to the same period last year, with a growth rate of 140% to 169% [1] Group 1: Performance Drivers - The significant increase in net profit is primarily driven by deepened collaborations with multiple clients in the smartphone sector, leading to a substantial rise in the shipment volume of high-end 50 million pixel products based on Lofic HDR®2 technology [1] - The company has also seen a notable increase in revenue from the automotive electronics sector, particularly in new generation products for smart driving and in-cabin applications [1] - In the smart security field, the company's high-end security product series has continued to gain market share, while revenue from the emerging machine vision sector has experienced significant growth due to the company's position as a pioneer and leader in this area [1]

Core Viewpoint - The company, Sitwei (688213.SH), anticipates a significant increase in net profit for the first three quarters of 2025, projecting a range of 656.03 million to 736.03 million yuan, representing a year-on-year increase of 382.79 million to 462.79 million yuan, or a growth rate of 140% to 169% [1] Group 1: Business Performance - In the smartphone sector, the company has deepened collaborations with multiple clients, leading to a substantial increase in the shipment of high-end 50 million pixel products based on LoficHDR®2.0 technology [1] - The automotive electronics segment has seen a significant rise in the shipment of new generation products used in smart driving applications, including surround view, panoramic view, and front view systems [1] - In the smart security field, the company has increased its market share in high-end security products within the professional security sector, while also experiencing substantial revenue growth in the emerging machine vision sector [1] Group 2: Profitability - The company's revenue growth has led to an improvement in profitability, with a notable increase in net profit margin [1]

Core Viewpoint - The company expects significant revenue and profit growth for the first three quarters of 2025 compared to the same period last year, indicating strong operational performance and positive market outlook [1] Revenue Forecast - The company anticipates revenue between 610 million and 650 million yuan for the first three quarters of 2025, representing an increase of 189.245 million to 229.245 million yuan compared to the previous year, which corresponds to a growth rate of 45% to 54% [1] Profit Forecast - The expected net profit attributable to the parent company's shareholders for the first three quarters of 2025 is projected to be between 65.603 million and 73.603 million yuan, reflecting an increase of 38.279 million to 46.279 million yuan year-on-year, translating to a growth rate of 140% to 169% [1]

Core Viewpoint - The company, Sitwei (688213.SH), expects a significant increase in net profit attributable to shareholders, projecting between 656 million to 736 million yuan for the first three quarters of 2025, representing a year-on-year growth of 140% to 169% [1] Group 1: Smartphone Sector - The company has launched multiple high-end 50 million pixel products based on LoficHDR®2.0 technology, resulting in a substantial increase in shipment volume [1] - Revenue in the smartphone sector has seen significant growth due to the mass production and shipment of various products based on the domestic StackedBSI platform [1] Group 2: Automotive Electronics Sector - In the automotive electronics sector, the company has experienced a notable increase in shipment volume for new generation products used in smart driving applications, including surround view, top view, and front view systems [1] Group 3: Smart Security Sector - The company's high-end security product series has continued to gain market share in the professional security field [1] - As a pioneer and leader in the machine vision sector, the company has achieved substantial revenue growth in the emerging machine vision market [1]

Core Viewpoint - The company expects to achieve a revenue of 6.1 billion to 6.5 billion yuan in the first three quarters of 2025, representing a year-on-year increase of 45% to 54% [1] - The projected net profit attributable to the parent company for the same period is estimated to be between 656 million to 736 million yuan, reflecting a year-on-year growth of 140% to 169% [1] Group 1: Smartphone Sector - The company has deepened collaborations with multiple clients in the smartphone sector, leading to significant growth in revenue [1] - The launch of several high-end 50 million pixel products based on LoficHDR®2.0 technology has resulted in a substantial increase in shipment volume [1] - Mass production and shipment of various products based on the domestic StackedBSI platform have contributed to the revenue growth in the smartphone sector [1] Group 2: Automotive Electronics - In the automotive electronics sector, the company has seen a significant year-on-year increase in the shipment volume of new generation products used in intelligent driving, including surround view, panoramic view, and front view systems [1] Group 3: Smart Security - The company's high-end security product series has continued to gain market share in the professional security field [1] - As a pioneer and leader in the machine vision sector, the company has capitalized on market development opportunities, resulting in substantial revenue growth in the emerging machine vision field [1] Group 4: Profitability - With the increase in revenue scale, the company has improved its profitability, leading to a significant enhancement in net profit margin [1]

证券代码：688213 证券简称：思特威 公告编号：2025-035 思特威（上海）电子科技股份有限公司 2025 年前三季度业绩预告的自愿性披露公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 9 月 30 日。 （二）业绩预告情况 （3）预计 2025 年前三季度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 64,633 万元到 72,633 万元，与上年同期相比，将增加 34,138 万元到 42,138 万元，增幅 112%到 138%。如剔除股份支付费用的影 响，归属于母公司所有者的扣除非经常性损益的净利润为 69,163 万元到 77,163 万元。与上年同期相比，将增加 30,428 万元到 38,428 万元，增幅 79%到 99%。 （三）本次业绩预告未经注册会计师审计。 1 二、上年同期业绩情况 公司 2024 年前三季度实现营业收入 420,755 万元，利润总额 28,704 万 元；实现归属于母公司 ...