FHEC(SH:688362) Zheng Quan Shi Bao Wang·2025-02-14 08:07Core Viewpoint - Yongxi Electronics (688362) has reported a significant turnaround in its performance for 2024, with a 50.76% increase in revenue and a shift from a net loss to a net profit, driven by industry recovery and successful customer expansion [1] Industry Recovery - The global semiconductor industry is experiencing a mild recovery, leading to increased capacity utilization for Yongxi Electronics [1] - The company's revenue reached 3.605 billion yuan, with a net profit of 67.0871 million yuan, compared to a net loss of approximately 93.3879 million yuan in the previous year [1] - The company has successfully expanded its product lines in wafer-level packaging and automotive electronics, enhancing its delivery capabilities [1] Capital Expenditure and Investment Strategy - Yongxi Electronics plans to focus its capital expenditure on packaging, aligning testing investments with packaging investment schedules, with a significant investment in advanced packaging equipment planned for 2025 [2] - The company is raising up to 1.165 billion yuan through convertible bonds, primarily for the development and industrialization of advanced packaging technologies [2] Customer Base Expansion - Yongxi Electronics is actively expanding its customer base in Taiwan, Europe, and the U.S., with notable progress in the HPC and automotive electronics sectors [3] - The company has seen an increase in revenue contribution from overseas clients, particularly from leading design firms in Taiwan [3] - A stock incentive plan was introduced, with revenue growth targets set for 2024 to 2026, aiming for increases of no less than 37%, 82%, and 100% respectively [3]