泰凌微(688591) - 2025 Q2 - 季度业绩预告

Telink Semiconductor 2025 Semi-Annual Performance Forecast Announcement 2025 Semi-Annual Performance Forecast 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] Review of Prior Period (H1 2024) Performance 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 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] - 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] - 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] - 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] Risk Warning and Other Disclosures 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] - The final accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[9]