Willsemi(SH:603501) Zheng Quan Shi Bao Wang·2025-04-15 12:29Core Insights - Weir Shares (韦尔股份) reported a significant increase in revenue and net profit for the fiscal year 2024, with revenue reaching 25.731 billion yuan, a year-on-year growth of 22.41%, and net profit attributable to shareholders at 3.323 billion yuan, a remarkable increase of 498.11% [1] Group 1: Company Performance - The company operates primarily in the chip design sector, focusing on image sensor solutions, display solutions, and analog solutions [1] - The image sensor solutions segment generated 19.19 billion yuan in revenue, accounting for 74.76% of total revenue, with a year-on-year increase of 23.52% [1] - The display solutions segment faced challenges, with revenue declining to 1.028 billion yuan, a decrease of 17.77% due to ongoing pressure on average selling prices [2] - The analog solutions segment saw revenue rise to 1.422 billion yuan, an increase of 23.18%, driven by recovering demand in consumer electronics [2] Group 2: Market Trends - The global CIS market is projected to grow from 17.9 billion USD in 2020 to 19.5 billion USD in 2024, with a compound annual growth rate (CAGR) of 2.1%, and expected to reach 29.2 billion USD by 2029 at a CAGR of 8.4% [3] - The global TDDI market is anticipated to grow from 2.085 billion USD in 2020 to 2.596 billion USD in 2024, with a CAGR of 5.6%, and further expand to 3.844 billion USD by 2029 at a CAGR of 8.2% [3] - The global analog IC market is expected to increase from 55.7 billion USD in 2020 to 79.4 billion USD in 2024, with a CAGR of 9.3%, and reach 103.8 billion USD by 2029 at a CAGR of 5.5% [3] Group 3: Future Plans - The company plans to enhance its product development and diversify its semiconductor design offerings, aiming to expand application ranges [3] - There will be a focus on strengthening product quality management and R&D processes to meet the demands of top-tier international clients [3] - The company intends to pursue mergers and acquisitions to broaden its market reach and diversify its product portfolio [4]