Core Viewpoint - The performance forecast for the first half of 2025 indicates significant growth for TaiLing Microelectronics, with revenue and net profit expected to exceed the entire year of 2024, driven by strong sales across multiple product lines and a strategic focus on AI and IoT technologies [1][2][4]. Financial Performance - TaiLing Microelectronics anticipates approximately 503 million yuan in revenue for the first half of 2025, representing a year-on-year increase of about 37% [1] - The expected net profit attributable to shareholders is around 99 million yuan, reflecting a staggering growth of approximately 267% [1] - The gross margin is projected to rise by 4.52 percentage points to 50.7%, while the net margin is expected to increase significantly from 7.38% to 19.7% [2] Product and Market Development - The company has achieved substantial growth across all product lines, particularly in BLE, multi-mode, and audio products, with new AI chips entering mass production and gaining market recognition [5][6] - TaiLing Microelectronics has launched new products, including the TL721X and TL751X series, which are designed for low-power AI applications and support multiple wireless communication protocols [7][8] - The introduction of the TL7 series has led to significant sales in various sectors, including smart audio, smart home, and wearable technology, with revenues reaching the million yuan level in the second quarter [8] Strategic Positioning - The comprehensive layout of TaiLing Microelectronics in various communication protocols and product applications has begun to show results, enhancing its competitive edge in the market [3][4] - The company's strategic focus on integrating AI capabilities into its products positions it well for future growth, particularly as the demand for AIoT solutions increases [6][9] - The rapid expansion of overseas business and the increasing proportion of international revenue highlight the company's growing global presence [5]

Core Viewpoint - 泰凌微's stock opened 14% higher, driven by the company's forecast of a 267% year-on-year increase in net profit for the first half of the year [1] Company Summary - 泰凌微 expects a significant increase in net profit, projecting a growth of 267% compared to the same period last year [1]

Core Viewpoint - The company expects significant growth in both revenue and net profit for the first half of 2025, driven by increased customer demand and new product launches [1][2][3] Performance Forecast - Estimated revenue for the first half of 2025 is approximately 503 million yuan, representing a year-on-year increase of about 137 million yuan, or 37% [1] - Estimated net profit attributable to shareholders is around 99 million yuan, an increase of approximately 72 million yuan, or 267% year-on-year [1] - Estimated net profit after deducting non-recurring gains and losses is about 95 million yuan, reflecting an increase of approximately 69 million yuan, or 265% [1] - The company anticipates a net profit margin of approximately 19.7%, significantly up from 7.38% in the same period of 2024 [2] Financial Metrics - The estimated gross profit margin for the first half of 2025 is around 50.7%, an increase of 4.52 percentage points compared to 46.18% in the same period of 2024 [2] - The previous year's revenue was 366 million yuan, with a net profit of approximately 27 million yuan [2] Reasons for Performance Changes - The revenue growth is attributed to increased customer demand, new customer acquisition, and the commencement of mass production of new products [3] - The significant rise in net profit is due to a higher proportion of high-margin product sales, optimized product sales structure, and the operating leverage effect from increased sales [3]

[Telink Semiconductor 2025 Semi-Annual Performance Forecast Announcement](index=1&type=section&id=Telink%20Semiconductor%20(Shanghai)%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast%20Announcement) [2025 Semi-Annual Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company projects approximately 503 million yuan in H1 2025 operating revenue, a 37% increase, with net profit attributable to parent company reaching 99 million yuan, up 267%, driven by significant margin improvements Key Performance Indicators for H1 2025 Performance Forecast | Indicator | H1 2025 (Estimated) | H1 2024 (Prior Period) | Year-over-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | Approx. 503 million yuan | 366 million yuan | Approx. 37% increase | | Net Profit Attributable to Parent Company | Approx. 99 million yuan | 26.984 million yuan | Approx. 267% increase | | Net Profit Attributable to Parent Company (Excluding Non-Recurring Items) | Approx. 95 million yuan | 26.0256 million yuan | Approx. 265% increase | | Gross Margin | Approx. 50.7% | 46.18% | Approx. 4.52 percentage points increase | | Net Margin | Approx. 19.7% | 7.38% | Approx. 12.32 percentage points increase | - Current period performance includes approximately **22 million yuan** in share-based payment expenses; excluding this and related income tax effects, estimated net profit is approximately **119 million yuan**, a year-over-year increase of approximately **269%**[2](index=2&type=chunk) [Review of Prior Period (H1 2024) Performance](index=2&type=section&id=II.%20Prior%20Period%20Performance%20and%20Financial%20Status) In H1 2024, the company reported 366 million yuan in operating revenue, 26.984 million yuan in net profit attributable to parent company, and basic earnings per share of 0.11 yuan Key Financial Data for H1 2024 | Indicator | Amount | | :--- | :--- | | Operating Revenue | 366 million yuan | | Total Profit | 25.6413 million yuan | | Net Profit Attributable to Parent Company | 26.984 million yuan | | Net Profit Attributable to Parent Company (Excluding Non-Recurring Items) | 26.0256 million yuan | | Earnings Per Share | 0.11 yuan | [Analysis of Performance Change Drivers](index=2&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period%20Performance%20Change) Performance growth is primarily driven by increased revenue from rising customer demand, new client acquisition, and new product ramp-up (e.g., edge AI, Matter, BLE 6.0 chips), particularly in multi-mode and audio product lines, alongside enhanced profitability from higher-margin products and operating leverage - Revenue growth is attributed to increased customer demand, new client expansion, and mass shipments of new products, with all product lines showing increased revenue, notably in multi-mode and audio product lines[5](index=5&type=chunk) - New product commercialization is progressing smoothly: **Edge AI chips** entered mass production, achieving **tens of millions of yuan** in Q2 sales; **Matter chips** began mass shipments in overseas smart home markets; **BLE 6.0 chips** are in mass production with global tier-one clients; and newly launched **WiFi chips** have also achieved mass shipments[5](index=5&type=chunk) - For the audio product line, newly introduced key clients have commenced mass shipments, while overseas business is rapidly expanding, further increasing the proportion of international revenue compared to the prior year[5](index=5&type=chunk) - Significant net profit increase primarily stems from: 1) improved gross margin due to a higher proportion of high-margin product sales and economies of scale; and 2) operating leverage from increased sales, where revenue growth outpaced expense growth[6](index=6&type=chunk) [Risk Warning and Other Disclosures](index=2&type=section&id=IV.%20Risk%20Warning) The company warns that this performance forecast is a preliminary estimate by the finance department, unaudited by certified public accountants, and final accurate financial data will be based on the officially disclosed 2025 semi-annual report, advising investors to be aware of investment risks - This performance forecast represents preliminary estimates by the company's finance department, is unaudited by accounting firms, and thus carries inherent uncertainties[8](index=8&type=chunk) - The final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[9](index=9&type=chunk)

6月23日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者参 考。 【品大事】 嘉澳环保：涉嫌信息披露违法违规 收到证监会立案告知书 嘉澳环保公告称，公司于近日收到中国证监会的《立案告知书》，公司涉嫌信息披露违法违规，证监会 决定对公司立案。目前公司日常经营秩序正常，各项业务活动有序开展。前期，公司于2024年8月16日 收到浙江证监局《关于对浙江嘉澳环保科技股份有限公司及相关责任人员采取出具警示函措施的决 定》，指出公司子公司存在在建工程未按规定转固定资产的情况，导致公司相关年度报告披露不准确。 华升股份：拟购买易信科技100%股份 股票复牌 华升股份公告称，公司正在筹划发行股份及支付现金购买深圳易信科技股份有限公司100%股份，并向 公司控股股东湖南兴湘投资控股集团有限公司发行股份募集配套资金事项。截至本公告日，本次交易涉 及的审计、评估工作尚未完成，公司董事会决定暂不召开股东会审议本次交易事项。公司股票将于6月 24日（星期二）开市起复牌。 4连板长城军工：控股股东及实际控制人等无正在筹划涉及长城军工的重大资产重组等重大事项 国投中鲁：拟购买电子院控股权 股票停牌 国投中 ...

Core Viewpoint - The company has successfully launched a new generation of chips that support edge AI and various IoT wireless connectivity technologies, achieving significant sales growth and entering mass production by the second quarter of 2025 [1][4]. Market Expansion - The company is strategically expanding its product lines to meet the growing demand for edge AI capabilities in chips, providing solutions that include chips, modules, and AI software and hardware development platforms [1]. - The TL721X series is recognized as a leading low-power edge AI multi-protocol IoT wireless SoC chip, designed to meet the high standards of next-generation smart IoT terminal products [2]. - The TL751X series offers high performance and integration, supporting multiple wireless connectivity protocols, making it suitable for various smart wireless IoT applications [2]. Market Impact - The successful scale sales of the new edge AI products indicate substantial progress in integrating machine learning and AI hardware and software technologies, driving innovation in smart audio, smart home, and smart office applications [3]. - The TL7 series products have quickly gained traction in multiple sectors, including wireless audio, smart home, and wearable technology, achieving sales revenue in the million RMB range by the second quarter of this year [4]. - The company aims to deepen collaborations with leading domestic and international brands, enhancing its core competitiveness in the edge AI market [4].

针对客户对于芯片端侧AI能力集成需求的快速增长，以及AIOT产品多元化 的发展趋势，公司战略性地布局了不同系列的芯片产品线并配套了相对应的模 块。新产品集成了先进的端侧AI运算能力，支持多种物联网无线连接协议。 TL721X系列以其1mA超低功耗，成为业界领先的低功耗端侧AI多协议物联 网无线SoC芯片，满足了新一代智能物联网终端产品对超低功耗的AI算力和多 种无线连接的高标准要求。 TL751X系列则通过其高性能、多协议和高集成度，结合先进的多核设计包 括CPU、NPU和DSP，提供了强大的AI运算处理能力和几乎所有主流物联网无 线连接协议（BLE、Zigbee、Thread、Matter等）的支持，适用于各种智能无线 物联网和无线音频SoC等领域。 上述两款TL7系列芯片是国内最早通过最新的BLE6.0蓝牙协议认证的芯片 产品。公司同时提供面向广大开发者的基于这两款芯片的TL-EdgeAI开发平台， 支持包括谷歌LiteRT、TVM、PyTorch等在内的主流端侧AI模型，客户只需几个 小时就可以把训练好的AI模型植入公司芯片内并且实现所需的AI功能。这是全 球行业内功耗最低的智能物联网连接协议平台之一， ...

Core Insights - The company announced the launch of a new generation of chips supporting edge AI and multiple IoT wireless connectivity technologies by the end of 2024, with sales reaching tens of millions of RMB by Q2 2025 [1] - The rapid growth in customer demand for integrated edge AI capabilities and the diversification of AIoT products have led the company to strategically develop different series of chip product lines [1] - The TL721X series is recognized as an industry-leading low-power edge AI multi-protocol IoT wireless SoC chip, designed to meet the high standards of ultra-low power AI computing and various wireless connectivity for next-generation smart IoT terminal products [1] - The TL751X series offers high performance, multi-protocol support, and high integration, featuring advanced multi-core designs including CPU, NPU, and DSP, suitable for various smart wireless IoT and audio SoC applications [1] Product Certification and Development Support - The TL7 series chips are among the first in China to receive certification for the latest BLE 6.0 Bluetooth protocol [2] - The company provides a TL-EdgeAI development platform for developers, supporting mainstream edge AI models such as Google LiteRT, TVM, and PyTorch, allowing customers to integrate trained AI models into the chips within hours [2] - A certification module based on the TL721X will be launched soon to further assist customers in shortening development timelines and accelerating time-to-market [2]

Core Insights - The company, TaiLing Microelectronics (688591.SH), has successfully launched a new generation of chips that support edge AI integration and multiple IoT wireless connectivity technologies by the end of 2024, responding to the growing demand from customers for these capabilities [1] - The new products have quickly gained customer favor and entered mass production, with sales reaching tens of millions of RMB by the second quarter of 2025, marking a significant achievement in promoting edge AI products [1] Product Development - The company has strategically developed different series of chip product lines to meet the rapid growth in customer demand for edge AI capabilities and the diversification of AIoT products [1] - The TL721X series is recognized as an industry-leading low-power edge AI multi-protocol IoT wireless SoC chip, featuring an ultra-low power consumption of 1mA, which meets the high standards for AI computing power and various wireless connections in next-generation smart IoT terminal products [1] - The TL751X series offers high performance, multi-protocol support, and high integration, combining advanced multi-core designs including CPU, NPU, and DSP, providing robust AI processing capabilities and support for almost all mainstream IoT wireless connection protocols such as BLE, Zigbee, Thread, and Matter [1] Developer Support - The TL7 series chips are among the first in China to receive certification for the latest BLE 6.0 Bluetooth protocol, enhancing their market competitiveness [2] - The company provides a TL-EdgeAI development platform for developers, supporting mainstream edge AI models such as Google LiteRT, TVM, and PyTorch, allowing customers to integrate trained AI models into the chips within hours [2] - The upcoming certification module based on the TL721X will further assist customers in shortening development timelines and accelerating time-to-market for their products [2]

泰凌微公告，公司新一代支持端侧AI和多项物联网无线连接技术的芯片产品已进入规模量产阶段， 2025年二季度新产品销售额达到人民币千万元规模。此次端侧AI新品实现规模销售，标志着公司在融 合机器学习及人工智能软硬件技术、拓展端侧AI应用市场等方面取得了实质性进展。目前，公司端侧 AI新品虽已成功开始出货，但整体出货量尚在初期上升阶段，现阶段占公司营收比例仍较低。 ...