Financial Projections - The company expects to achieve an annual revenue of approximately 1,140 million yuan in 2025, representing an increase of about 175.4 million yuan or 18% year-on-year[3]. - The projected net profit attributable to the parent company for 2025 is around 185 million yuan, an increase of approximately 73.67 million yuan or 66% year-on-year[3]. - The net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be about 55 million yuan, a decrease of approximately 18.12 million yuan or 25% year-on-year[3]. - There are no significant uncertainties affecting the accuracy of the performance forecast[10]. Revenue Growth - Revenue from emerging markets, including servers, communications, industrial motors, and new energy vehicles, is expected to grow by about 50%[6]. - Revenue from new product categories, such as DC-DC and Power Modules, is anticipated to increase by approximately 39%[7]. Product Development - The company plans to launch 12 core new products targeting the AI computing energy sector in 2025, enhancing its product offerings in high-performance power solutions[6]. - The company has transitioned from being a supplier of analog chips for home appliances to a provider of system-level power solutions[6]. Strategic Investments - The company is investing heavily in R&D, focusing on upgrading its technology platforms to improve product performance and integration[7]. - The sale of a 1.67% stake in a subsidiary is expected to enhance the company's strategic cooperation with upstream suppliers and increase its fair value gains[8].

Core Viewpoint - Chipone Microelectronics (688508) expects a net profit attributable to shareholders of approximately 185 million yuan in 2025, representing a year-on-year increase of about 66% [1] Group 1: Financial Projections - The company anticipates an 18% growth in operating revenue for the fiscal year 2025 [1] - The expected growth in revenue is primarily driven by significant increases in emerging markets, including servers, communications, industrial motors, optical storage, and new energy vehicles, with a projected year-on-year growth of around 50% [1] - Revenue from new product categories such as DC-DC converters, drivers, digital PMICs, power devices, and power modules is expected to grow by approximately 39% year-on-year [1]

Core Viewpoint - Chipone Microelectronics announced an expected revenue of approximately 1.14 billion yuan for the year 2025, representing a year-on-year growth of around 18% [1] - The company anticipates a net profit attributable to shareholders of approximately 185 million yuan, reflecting a year-on-year increase of about 66% [1] - However, the net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be around 55 million yuan, indicating a year-on-year decline of approximately 25% [1] Financial Summary - The expected revenue for 2025 is 1.14 billion yuan, compared to 965 million yuan in the previous year [1] - The projected net profit for 2025 is 185 million yuan, up from 111 million yuan in the previous year [1] - The anticipated net profit after deducting non-recurring items for 2025 is 55 million yuan, down from 73.12 million yuan in the previous year [1]

证券日报网讯 1月6日，芯朋微在互动平台回答投资者提问时表示，公司将在持续做好经营管理的同时 依法合规地做好市值管理工作，严格按照相关法律法规履行信息披露义务。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the article is that the company, Chipone Microelectronics, has begun partial mass production of its related products and is making steady progress among server customers [1] Group 2 - The company responded to investor inquiries on its interactive platform regarding the status of its product production [1] - The products are currently being introduced in an orderly manner within the server customer segment [1]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company has recently launched 12 significant new products in the AI computing energy sector, completing its strategic layout for server power solutions [4][5] - The company achieved a revenue of 877 million yuan in the first three quarters of 2025, representing a year-on-year growth of 24.05%, with a net profit of 178 million yuan, up 130.25% year-on-year [6] - Future revenue projections are 1.2 billion yuan for 2025, 1.465 billion yuan for 2026, and 1.756 billion yuan for 2027, with net profits expected to be 222 million yuan, 226 million yuan, and 273 million yuan respectively [7][9] Company Overview - The latest closing price of the company's stock is 57.88 yuan, with a total market capitalization of 7.6 billion yuan [3] - The company has a total share capital of 1.31 billion shares and a debt-to-asset ratio of 15.7% [3] - The company is focused on developing a complete range of power solutions for servers, including various types of chips for different power stages [5]

Core Insights - The AI industry faces significant challenges primarily related to power supply rather than chips or talent, highlighting the critical role of power management in AI servers [1] - The global AI server power market is projected to grow exponentially, from $7.4 billion in 2025 to $32.5 billion by 2027, with a compound annual growth rate (CAGR) of 110% [1] - Domestic manufacturers are increasingly entering the AI server power supply market, with current domestic replacement rates estimated at 10-20% [1] Market Trends - AI server power architecture is undergoing a transformation, with three key levels: power supply systems (UPS, HVDC, PDU), AC-DC conversion (PSU, PMC, BBU), and DC-DC conversion (PDB, VRM) [3] - The shift towards high-voltage direct current (HVDC) solutions is gaining momentum, improving system efficiency from 90-95% to 95-98% [3] - Centralized power architectures are being adopted, with PSU power increasing from 5.5kW to over 22kW, and output voltage rising from 48V to 400V [4] Technological Innovations - The use of wide bandgap semiconductor devices like SiC and GaN is becoming central to AI power design, offering higher switching frequencies and lower conduction losses compared to traditional silicon devices [4] - Companies like Jiehua and Chipone Micro are developing advanced power management solutions, including high-current multi-phase power supplies and digital power controllers [5][20] - The introduction of intelligent power stages (DrMOS) is addressing the increased power density requirements of AI servers, with products like Jiehua's 90A DrMOS achieving high efficiency and reliability [7] Company Developments - Jiehua is focusing on comprehensive analog chip solutions for AI servers, with products that have reached international advanced levels [5] - Chipone Micro has launched a series of power chips for AI servers, emphasizing efficiency and reliability in response to rising power density demands [20][22] - Jingfeng Mingyuan has entered the NVIDIA recommended supplier list and is expanding its high-performance computing power chip offerings, achieving significant revenue growth [24][26] Conclusion - The competition in AI is not only about algorithms and chips but also about efficiently and sustainably powering these computational giants, with the value of power management chips for AI servers being 3 to 5 times that of traditional servers [30] - The rise of intelligent power stages (DrMOS), multi-phase controllers, and hot-swappable eFuse as core components for AI servers is evident, with domestic manufacturers increasing their focus on these trends [31]

证券代码：688508 证券简称：芯朋微 公告编号：2025-052 无锡芯朋微电子股份有限公司 关于公司董事离任暨选举职工代表董事的公告 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、准确性和完整性承担法律责任。 重要内容提示： 无锡芯朋微电子股份有限公司（以下简称"公司"）董事会近日收到公司 董事薛伟明先生提交的辞职报告。薛伟明先生因公司治理结构调整原因申请辞去 公司第五届董事会董事职务。 | 姓名 | 离任职 务 | 离任时间 | | 原定任期 到期日 | | 离任原因 | 是否继续 在上市公 司及其控 | 具体职务 | 是否存在 未履行完 毕的公开 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 股子公司 任职 | | 承诺 | | 薛伟明 | 董事 | 年 | | 年 | | 公司治理 | 是 | 公司全资子公司深 圳芯朋电子有限公 | | | | | 2025 | 12 | 2027 1 | | | | | 否 | | | | 月 ...

Core Viewpoint - The article highlights the launch of 12 power chips by Chipone Microelectronics, aimed at AI servers and industrial control, addressing the increasing demands for efficiency, heat dissipation, and reliability in power systems [1] Company Overview - Chipone Microelectronics is a leading domestic power system chip design company in China, with nearly 20 years of experience in smart power technology [1] - The company has developed a comprehensive power supply solution covering AC to DC, 800V HVDC to Vcore 1V, addressing the full link power supply needs [1] Product Launch - On December 5, Chipone Microelectronics unveiled 12 new power chips specifically designed for AI server and industrial control applications [1] - The launch is seen as a significant step in filling the gap in the domestic high-end power chip market [1] Industry Impact - The new products are expected to provide a solid chip foundation for building a safe, controllable, green, and efficient national computing infrastructure [1] - The company’s commitment to innovation and increased R&D investment in wide bandgap power devices, digital power control, and system-level power solutions is emphasized [1]

Core Viewpoint - Chipong Micro announced the appointment of a new signing auditor for its 2025 financial report and internal control audit due to internal adjustments at the auditing firm Beijing Dehao International [1] Group 1 - Beijing Dehao International was originally assigned Huang Haiyang as the signing project partner and Zhao Jinzhou as the signing registered accountant for the 2025 audit [1] - Dai Xiaofang has been appointed to replace Zhao Jinzhou as the signing registered accountant for the 2025 audit project [1] - The company continues to work on the audit of its 2025 financial report and internal control audit [1]