Core Insights - The company, ChipLink Integrated (688469.SH), reported a reduction in losses for the first half of the year, achieving a revenue of 3.495 billion yuan, a year-on-year increase of 21.38%, and a net loss of 170 million yuan, a reduction of 63.82% compared to the previous year [2] - In Q2, the company achieved a net profit of approximately 12 million yuan, marking its first quarterly profit since its IPO [2] - The company aims to achieve profitability by 2026, as indicated in its initial public offering information [2] Business Segments - The automotive sector contributed the largest revenue growth, accounting for 47% of total revenue, with a year-on-year increase of 23% in the first half of 2025 [3] - The industrial control business saw a revenue increase of 35%, driven by stable mass production in photovoltaic and energy storage modules [3] - The company has entered the AI market, reporting revenue of 196 million yuan from AI-related applications, which accounted for 6% of total revenue [3] Financial Performance - The company received approximately 305 million yuan in government subsidies in the first half of the year, which contributed to its profitability in Q2 [4] - The overall gross margin improved to 3.54%, an increase of 7.79 percentage points year-on-year, indicating progress towards annual profitability [4] - The company is facing significant fixed asset depreciation, which is expected to peak in 2024, but this is anticipated to ease in the future, improving profitability [4] Management Outlook - The chairman and general manager, Zhao Qi, stated that the company is entering a phase of declining depreciation, which will enhance profitability over time [5] - The company maintains its target of achieving a net profit by 2026, with expectations of reaching a revenue scale of 10 billion yuan [5]

Core Viewpoint - ChipLink Integrated (688469.SH) reported a revenue of 34.952 billion yuan for the first half of 2025, marking a year-on-year growth of 21.38% [1][3] Financial Performance - The company achieved a net profit attributable to shareholders of -170 million yuan, a reduction in losses by 63.82% compared to the previous year [1][3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -536 million yuan, reducing losses by 31.11% year-on-year [1][3] - The total profit for the period was -937 million yuan, reflecting a loss reduction of 16.88% compared to the same period last year [3] - The net cash flow from operating activities was 981 million yuan, an increase of 77.10% year-on-year [1][3] Future Projections - For the years 2023 and 2024, the projected revenues are 5.324 billion yuan and 6.509 billion yuan, respectively [3] - The projected net losses attributable to shareholders for 2023 and 2024 are -1.958 billion yuan and -962 million yuan, respectively [3] - The projected net losses after deducting non-recurring gains and losses for 2023 and 2024 are -2.262 billion yuan and -1.410 billion yuan, respectively [3] Company Name Change - The company announced a change in its Chinese name from "Shaoxing Zhongxin Integrated Circuit Manufacturing Co., Ltd." to "ChipLink Integrated Circuit Manufacturing Co., Ltd." effective December 6, 2023 [4]

Core Insights - The company reported a revenue of 3.495 billion yuan for the first half of 2025, representing a year-on-year growth of 21.38% [1] - The net profit attributable to shareholders improved to -170 million yuan, a reduction in losses by 63.82% year-on-year, with a positive net profit of 12 million yuan in Q2 [1] - The company aims to become a leading one-stop chip system foundry globally, focusing on power control, power drive, and sensor signal chain chips for automotive, industrial control, high-end consumer, and AI sectors [1] Financial Performance - Revenue for the first half of 2025 reached 3.495 billion yuan, up 21.38% year-on-year [1] - The company achieved a net profit of 12 million yuan in Q2, marking its first positive quarterly net profit [1] - The net loss for the first half was reduced to 170 million yuan, a 63.82% improvement compared to the previous year [1] Business Segments - The automotive sector saw a revenue increase of 23% year-on-year, while the industrial control sector grew by 35% [1] - AI business contributed 6% to the overall revenue, indicating its growing importance in the company's portfolio [1][4] - The company has established a complete series of wind-solar-storage products in the new power system sector and has formed close collaborations with leading industry clients [3] R&D and Innovation - The company maintained a high R&D investment of 964 million yuan in the first half, reflecting a growth of over 10% [1][2] - The company has developed over 10 new projects for 6-inch SiC MOSFETs and has entered mass production with five new automotive clients [2] - The company’s 4500V IGBT has been successfully mass-produced and is capable of stable operation in high-voltage grid environments [3] AI and Advanced Technologies - The AI business is focused on infrastructure and terminal applications, contributing 6% to revenue in the first half of 2025 [4] - The company launched a second-generation high-efficiency power management chip platform for data centers, achieving large-scale production [4] - The company has developed China's first 55nm BCD integrated DrMOS chip, which has completed customer validation and is gradually ramping up production [4]

Core Viewpoint - ChipLink Integrated Circuit Manufacturing Co., Ltd. reported a revenue of 34.952 billion yuan for the first half of 2025, marking a year-on-year growth of 21.38% [1][3] Financial Performance - The company achieved a net profit attributable to shareholders of -170 million yuan, a reduction in losses by 63.82% compared to the previous year [1][3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -536 million yuan, reducing losses by 31.11% year-on-year [1][3] - The operating cash flow net amount was 981 million yuan, reflecting a year-on-year increase of 77.10% [1][3] Historical Financial Data - Revenue for the years 2021 to 2024 was 2.024 billion yuan, 4.606 billion yuan, 5.324 billion yuan, and 6.509 billion yuan respectively [3] - Net profit attributable to shareholders for the same years was -1.236 billion yuan, -1.088 billion yuan, -1.958 billion yuan, and -962 million yuan respectively [3] - Net profit attributable to shareholders after deducting non-recurring gains and losses for the same years was -1.395 billion yuan, -1.403 billion yuan, -2.262 billion yuan, and -1.410 billion yuan respectively [3] Company Name Change - The company announced a change in its Chinese name from "Shaoxing Zhongxin Integrated Circuit Manufacturing Co., Ltd." to "ChipLink Integrated Circuit Manufacturing Co., Ltd." effective December 6, 2023 [4] IPO and Fundraising - The company went public on May 10, 2023, with an initial issuance of 1.692 billion shares at a price of 5.69 yuan per share, raising a total of 962.748 million yuan before the exercise of the over-allotment option [5][6] - After the full exercise of the over-allotment option, the total funds raised amounted to 1.107 billion yuan, with net proceeds of 1.078 billion yuan after deducting issuance costs [7]

Summary of Key Points Core Viewpoint - As of August 5, 95 companies have released their semi-annual reports for 2025, with 63 reporting year-on-year profit growth and 60 reporting revenue growth. Notably, 51 companies experienced simultaneous growth in both profit and revenue, while 23 companies saw declines in both metrics. The company with the highest profit growth was Zhimin Da, with an increase of 2147.93% [1]. Group 1: Company Performance - Zhimin Da reported a net profit of 38.298 million yuan, with a year-on-year increase of 2147.93% and revenue of 294.7564 million yuan, up 84.83% [1]. - Shijia Guangzi achieved a net profit of 216.6475 million yuan, with a year-on-year increase of 1712.00% and revenue of 992.6253 million yuan, up 121.12% [1]. - Tongzhou Electronics reported a net profit of 203.0714 million yuan, with a year-on-year increase of 662.77% and revenue of 539.7695 million yuan, up 606.52% [1]. - Daodaquan reported a net profit of 180.9760 million yuan, with a year-on-year increase of 563.15% and revenue of 2792.4396 million yuan, up 1.16% [1]. - Huakang Clean reported a net profit of 18.6830 million yuan, with a year-on-year increase of 273.48% and revenue of 83.49115 million yuan, up 50.73% [1]. Group 2: Revenue and Profit Trends - 32 companies reported a year-on-year decline in net profit, while 35 companies reported a decline in revenue [1]. - Among the companies with significant profit growth, 15 companies had their profit growth double compared to the previous year [1]. - The overall trend indicates a mixed performance across the companies, with a notable number achieving substantial growth in both revenue and profit, while others faced declines [1].

Core Insights - In total, 12 companies released their semi-annual reports for 2025 on August 5, with 6 companies reporting a year-on-year increase in net profit and 6 reporting a decrease [1] - Among these companies, 5 experienced a year-on-year increase in operating revenue, while 7 saw a decline [1] - Only 3 companies, including ChipLink Integration, reported simultaneous growth in both net profit and operating revenue, while 4 companies, including Lixin Energy, reported declines in both metrics [1] Company Performance Summary - **ChipLink Integration (688469)**: Reported a net profit of -170.34 million yuan, a year-on-year increase of 63.82%, with operating revenue of 349.52 million yuan, up 21.38% [1] - **Huitong New Materials (833751)**: Achieved a net profit of 2.38 million yuan, a year-on-year increase of 27.58%, with operating revenue of 11.20 million yuan, up 8.37% [1] - **Ning Communication B (200468)**: Reported a net profit of -0.72 million yuan, a year-on-year increase of 24.37%, with operating revenue of 30.63 million yuan, down 12.23% [1] - **Hexin Instruments (688622)**: Reported a net profit of -17.46 million yuan, a year-on-year increase of 20.86%, with operating revenue of 5.28 million yuan, down 48.88% [1] - **China Electric Environmental Protection (300172)**: Reported a net profit of 5.39 million yuan, a year-on-year increase of 2.87%, with operating revenue of 31.53 million yuan, down 10.70% [1] - **Deep Technology (300768)**: Reported a net profit of 5.21 million yuan, a year-on-year increase of 0.17%, with operating revenue of 55.06 million yuan, up 9.59% [1] - **Taijia Co., Ltd. (002843)**: Reported a net profit of 4.06 million yuan, a year-on-year decrease of 25.34%, with operating revenue of 75.87 million yuan, down 11.96% [1] - **Shaoneng Co., Ltd. (000601)**: Reported a net profit of 9.59 million yuan, a year-on-year decrease of 42.43%, with operating revenue of 233.49 million yuan, up 6.95% [1] - **Zhenghai Biological (300653)**: Reported a net profit of 4.65 million yuan, a year-on-year decrease of 45.97%, with operating revenue of 18.78 million yuan, down 5.14% [1] - **Fengli Intelligent (301368)**: Reported a net profit of 0.32 million yuan, a year-on-year decrease of 68.79%, with operating revenue of 24.20 million yuan, up 0.25% [1] - **Kailida (688255)**: Reported a net profit of 0.24 million yuan, a year-on-year decrease of 89.94%, with operating revenue of 31.57 million yuan, down 1.81% [1] - **Lixin Energy (001258)**: Reported a net profit of 0.90 million yuan, a year-on-year decrease of 90.17%, with operating revenue of 49.63 million yuan, down 6.02% [1]

Core Insights - The company reported a revenue of 3,495,197,770.17 yuan for the first half of 2025, representing a year-on-year growth of 21.38% [2][4] - The net loss attributable to shareholders was 936,728,512.33 yuan, a reduction in loss of 16.88% compared to the same period last year [2][4] - The net loss after deducting non-recurring gains and losses was 535,608,127.29 yuan, showing a decrease in loss of 31.11% year-on-year [2][4] Financial Performance - Total assets as of the end of the reporting period were 33,187,412,031.69 yuan, a decrease of 2.97% compared to the previous year [2][4] - The net assets attributable to shareholders were 12,424,504,209.10 yuan, reflecting a year-on-year increase of 0.84% [2][4] - The operating cash flow for the period was 981,425,135.32 yuan, which is an increase of 77.10% compared to the same period last year [4] Business Strategy and Market Position - The company has expanded its market presence and application areas, which has effectively driven sales growth [2] - Cost reduction and efficiency improvement measures, such as supply chain management and lean production, have significantly enhanced overall profitability [2] - The company’s product offerings include core chips and modules for power control, power drive, and sensor signal chains, targeting automotive, industrial control, high-end consumer, and AI sectors [5] Product Development - In power control, the company has established multiple production lines, including 8-inch silicon-based, 12-inch silicon-based, and compound semiconductor lines, covering IGBT, MOSFET, SiC MOSFET, and GaN products [5] - In power ICs, the company is developing advanced BCD process platforms to meet customer needs in audio, digital power, and protocol chips, while optimizing existing platforms for improved performance and cost reduction [6] - In sensor signal chains, the company has successfully mass-produced various products, including silicon microphones and laser radar components, contributing to the development of new energy and intelligent industries [7]

证券代码：688469 证券简称：芯联集成 公告编号：2025-045 芯联集成电路制造股份有限公司 第二届监事会第七次会议决议公告 本公司监事会及全体监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、 监事会会议召开情况 芯联集成电路制造股份有限公司第二届监事会第七次会议于 2025 年 8 月 1 日以现场结合通讯的方式召开。会议通知于 2025 年 7 月 22 日向全体监事发出。 会议应出席监事 5 人，实际出席监事 5 人，会议由监事会主席王永先生主持。会 议的召集和召开符合《中华人民共和国公司法》等法律法规和《公司章程》的有 关规定。 二、监事会会议审议情况 监 事会认 为 ：公司 2025 年半年 度报告 的编制和审 核程序 符合 法律、 行 政 法 规、公 司章程 和 公司内 部管理制度 的相关 规定 ；公司 2025 年半 年 度报告的内容和格式符合法律、行政法规、中国证券监督管理委员会和 上海证券交易所的相关规定，该报告内容真实、准确、完整反映了公司 的 实 际 情况。 综 上，监 事 会同意 公 司编制 的 2025 ...

Core Insights - The company reported a revenue of 3.495 billion yuan for the first half of 2025, representing a year-on-year growth of 21.38% [1] - The main revenue reached 3.457 billion yuan, with a year-on-year increase of 24.93% [1] - The company achieved a net profit of 12 million yuan in the second quarter, marking its first positive quarterly profit [1] - The gross margin for the first half was 3.54%, an increase of 7.79 percentage points year-on-year [1] - Operating cash flow net amount was 981 million yuan, up 77.10% year-on-year [1] - EBITDA exceeded 1.1 billion yuan [1] Business Performance - The company’s operational efficiency improved, with significant growth in the new energy and AI sectors [2] - Revenue from the automotive sector grew by 23% year-on-year, while the industrial control sector saw a 35% increase [2] - R&D investment reached 964 million yuan, a growth of over 10% [2] - The company has established over 10 new projects for 6-inch SiC MOSFETs and has entered mass production with five new automotive clients [2] - The first domestic 8-inch SiC production line has achieved mass production, with key performance indicators leading the industry [2] AI Business Development - AI business contributed 6% to the company's revenue [4] - The company provides a comprehensive chip system foundry solution for AI infrastructure, covering power devices, driver ICs, and more [4] - The second-generation high-efficiency power management chip platform for data centers was launched, with key customer adoption [4] - The company has developed China's first 55nm BCD integrated DrMOS chip, which has completed customer validation [4] Product Innovations - The company has established a complete series of wind-solar-storage products and has formed close collaborations with leading industry clients [3] - The industrial frequency conversion module using self-developed micro-groove field cutoff technology has entered mass production [3] - The number of analog IC foundry products increased by 140%, with a 25% growth in customer numbers [3] Market Position - The company ranks third in the national installation volume of silicon carbide power modules and fourth in the installation volume of main drive power modules for new energy vehicles [2]

证券日报网讯 8月4日晚间，芯联集成发布公告称，公司第二届监事会第七次会议审议通过了《关于 2025年半年度报告及其摘要的议案》《关于2025年半年度募集资金存放与实际使用情况的专项报告的议 案》。 （文章来源：证券日报） ...