公司代码：688368 公司简称：晶丰明源 第一节 重要提示 1.1本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规 划，投资者应当到www.sse.com.cn网站仔细阅读半年度报告全文。 1.2重大风险提示 公司已在本报告中详细描述了可能存在的相关风险，敬请查阅本报告"第三节 管理层讨论与分 析"之"四、风险因素"中关于公司可能面临的各种风险及应对措施的相关描述。 1.3本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 1.4公司全体董事出席董事会会议。 1.5本半年度报告未经审计。 1.6董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不适用 1.7是否存在公司治理特殊安排等重要事项 □适用 √不适用 第二节 公司基本情况 2.1公司简介 公司股票简况 ■ 公司存托凭证简况 □适用 √不适用 联系人和联系方式 ■ 2.2主要财务数据 单位：元 币种：人民币 ■ 2.7控股股东或实际控制人变更情况 □适用 √不适用 2.8在半年度报告批准报出日存续的债 ...

Core Viewpoint - Shanghai Jingfeng Mingyuan Semiconductor Co., Ltd. reported a slight decline in revenue but significant improvements in net profit and gross margin, indicating a positive trend in operational efficiency and product mix optimization [4][9]. Company Overview - The company is a leading domestic designer of power management chips, with a focus on LED lighting driver chips, AC/DC power chips, high-performance computing power chips, and motor control driver chips [9][12]. - The company has a strong emphasis on research and development, with R&D expenses accounting for 23.87% of revenue, reflecting its commitment to innovation and technological advancement [12]. Financial Performance - For the first half of 2025, the company reported operating income of approximately 731.49 million yuan, a decrease of 0.44% compared to the same period last year [4]. - The total profit reached approximately 17.59 million yuan, a significant recovery from a loss of 15.05 million yuan in the previous year [4]. - The net profit attributable to shareholders was approximately 15.76 million yuan, a substantial improvement from a loss of 30.51 million yuan in the same period last year [4]. Product Performance - The revenue from motor control driver chips increased by 24.30%, with its revenue share rising by 5.23 percentage points, indicating strong market demand and competitive positioning [9][10]. - High-performance computing power chips saw a remarkable revenue increase of 419.81%, reflecting successful market penetration and customer acquisition [9][10]. Market Position and Strategy - The company is actively expanding its product layout and enhancing market competitiveness through strategic acquisitions, such as the planned acquisition of 100% equity in Yichong Technology [9][11]. - The company is focusing on optimizing its product structure, with a notable shift towards high-performance computing and motor control driver chips, which are expected to drive future growth [9][10]. Industry Context - The power management chip industry is experiencing rapid growth, driven by advancements in integrated circuits and increasing applications in emerging sectors such as 5G, IoT, and electric vehicles [9][12]. - The domestic market is becoming increasingly competitive, with local companies gaining traction against international leaders, particularly in the AC/DC power chip segment [9][12].

Core Viewpoint - The company aims to enhance production quality and efficiency while returning value to investors, as outlined in its 2025 action plan, focusing on governance and market stability [1] Group 1: Business Development and Financial Performance - The company is a leading domestic power management chip design firm, with significant positions in LED lighting power chips and other product lines [1] - In the first half of 2025, the company reported a net profit of approximately 0.16 billion RMB, a year-on-year increase of 151.67%, and a net profit of approximately 0.13 billion RMB after excluding non-recurring items, up 170.44% year-on-year [1] - The overall gross margin improved to 39.60%, an increase of 4.18 percentage points compared to the previous year [2] Group 2: Product Performance - Revenue from motor control driver chips increased by 24.30% year-on-year, accounting for 26.22% of total revenue, up 5.23 percentage points [2] - High-performance computing power chip revenue surged by 419.81% year-on-year, contributing 4.76% to total revenue [2] - The sales revenue of LED lighting driver chips decreased by 15.02% year-on-year, primarily due to intense market competition [3] Group 3: Research and Development - The company invested approximately 1.75 billion RMB in R&D, representing 23.87% of total revenue, with a positive correlation between R&D investment and output [4] - The company holds 206 domestic invention patents and 56 foreign invention patents, along with 242 utility model patents [4] Group 4: Strategic Initiatives - The company is planning a major asset restructuring to enhance its market position and technological capabilities, including the acquisition of 100% of Sichuan Yichong Technology Co., Ltd. [5][6] - The company has implemented a stock incentive plan to attract and retain talent, with 431 R&D personnel making up 67.45% of total employees [7] Group 5: Shareholder Returns and Governance - The company distributed a cash dividend of 5 RMB per 10 shares to all shareholders, completed on April 29, 2025, and plans to explore the feasibility of multiple dividends in the future [8] - The company has enhanced its information disclosure practices to ensure transparency and maintain investor trust [9][10]

Core Viewpoint - The company reported a slight decline in revenue but achieved a significant turnaround in net profit, indicating resilience in a challenging market environment [1] Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 731 million yuan, a year-on-year decrease of 0.44% [1] - The net profit attributable to shareholders was 15.76 million yuan, compared to a loss of 30.51 million yuan in the same period last year [1] - The comprehensive gross margin for the main business reached 39.6%, an increase of 4.18 percentage points year-on-year [2] Group 2: Product and Market Development - The company has optimized its product structure, with the revenue share of motor control driver chips increasing by 5.23 percentage points year-on-year, and revenue from this segment rising by 24.3% [2] - The high-performance computing power supply chip business saw a remarkable revenue increase of 419.81% year-on-year, driven by the adaptation of DrMOS products to market demands [2] Group 3: Strategic Initiatives - To enhance product layout and market competitiveness, the company initiated a major asset restructuring in October 2024, planning to acquire 100% equity of Yichong Technology through a combination of share issuance and cash payment [2] - Yichong Technology specializes in the research, design, and sales of high-performance analog chips and mixed-signal chips, including wireless charging chips and automotive power management chips [2][3] - The company believes that the acquisition will create synergies in product categories, customer resources, technical accumulation, and supply chain management [3]

（文章来源：证券日报） 证券日报网讯 8月7日晚间，晶丰明源发布公告称，公司第三届董事会第二十九次会议审议通过了《关 于及摘要的议案》《关于的议案》。 ...

Core Viewpoint - Jingfeng Mingyuan reported a slight decline in revenue for the first half of 2025, but achieved a significant turnaround in net profit compared to the previous year [1] Financial Performance - The company's operating revenue for the first half of 2025 was 731,487,818.09 yuan, representing a year-on-year decrease of 0.44% [1] - The net profit attributable to shareholders of the listed company was 15,762,043.54 yuan, a recovery from a loss of 30,507,590.24 yuan in the same period last year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 12,563,898.84 yuan, compared to a loss of 17,835,252.51 yuan in the previous year [1]

晶丰明源（SH 688368，收盘价：95.08元）8月7日晚间发布半年度业绩报告称，2025年上半年营业收入 约7.31亿元，同比减少0.44%；归属于上市公司股东的净利润约1576万元；基本每股收益0.18元。2024 年同期营业收入约7.35亿元；归属于上市公司股东的净利润亏损约3051万元；基本每股收益亏损0.35 元。 （文章来源：每日经济新闻） ...

Core Insights - The company reported a sales revenue of 731 million yuan for the first half of 2025, a slight decrease of 0.44% year-on-year [1] - The net profit attributable to shareholders increased significantly to 15.76 million yuan, up 151.67% year-on-year, representing an increase of 46.27 million yuan [1] - The net profit after deducting non-recurring gains and losses was 12.56 million yuan, reflecting a year-on-year increase of 170.44% [1] Financial Performance - The net cash flow from operating activities was 95.79 million yuan [1] - The overall gross margin improved to 39.60%, an increase of 4.18 percentage points year-on-year [1] Product and Market Development - The company has optimized its product structure, enhancing its capabilities in the motor control driver chip sector, with revenue from this segment increasing by 24.30% year-on-year [1] - The revenue share of motor control driver chips rose by 5.23 percentage points year-on-year [1] - The high-performance computing power chip business experienced rapid growth, with revenue increasing by 419.81% year-on-year due to the adaptation of DrMOS products to market demands [1]

公司积极契合市场需求，通过工艺迭代、加强供应链管理等方式持续降本增效，使得整体毛利率较上年 有所增长。产品结构不断优化，公司进一步增强在电机控制驱动芯片领域的技术及产品能力，电机控制 驱动芯片收入占比进一步提升，占比同比上升5.23个百分点，收入同比上升24.30%;依托于DrMOS产品 适应市场需求革新突破，实现高性能计算电源芯片业务的快速增长，收入同比上升419.81%。 智通财经APP讯，晶丰明源(688368.SH)披露2025年半年度报告，报告期公司实现营收7.31亿元，同比下 降0.44%;归属于上市公司股东的净利润1576万元，同比扭亏为盈;扣非净利润1256万元，同比扭亏为盈; 基本每股收益0.18元。 ...

上海晶丰明源半导体股份有限公司 关于 2025 年度"提质增效重回报"行动方案的半年 度评估报告 上海晶丰明源半导体股份有限公司（以下简称"公司"）以培育新质生产力 为核心目标，并结合自身发展战略和经营情况，于 2025 年 3 月 12 日发布《上海 晶丰明源半导体股份有限公司 2025 年度"提质增效重回报"行动方案》，努力通 过规范的公司治理、积极的投资者回报，切实履行上市公司的责任和义务，回馈 投资者的信任，维护公司市场形象，共同促进科创板市场平稳运行。2025 年上 半年，公司以行动方案及整体战略为指引，积极推动并落实各项举措，现将上半 年的具体情况公告如下： 一、推进主营业务发展，积极提升经营质量 公司是国内领先的电源管理芯片设计企业之一，在 LED 照明电源芯片领域 具有较高的行业地位。同时，依托于多年技术积累，通过内生扩展及外延并购的 方式，发展出电机控制驱动芯片、AC/DC 电源芯片和高性能计算电源芯片三条 产品线，目前形成了以电源芯片和控制驱动芯片两大类为主的主要业务方向。 2025 年上半年，公司营业收入 7.31 亿，较上年同比下降 0.44%；实现归属 于上市公司股东的净利润近 0. ...