Core Insights - Weir Shares (603501.SH) reported a significant increase in revenue and net profit for the year 2024, with total 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: Semiconductor Design Business - The semiconductor design business of Weir Shares is primarily composed of three main segments: image sensor solutions, display solutions, and analog solutions [1] - The image sensor solutions segment generated revenue of 19.190 billion yuan in 2024, accounting for 74.76% of the main business revenue, reflecting a year-on-year increase of 23.52% [1] - Revenue from the smartphone market for image sensors was approximately 9.802 billion yuan, marking a 26.01% increase compared to the previous year [1] - The company has enhanced its competitiveness in the high-end smartphone CMOS image sensor market through product structure optimization and supply chain improvements [1] Group 2: Automotive CIS Solutions - Revenue from the automotive market for image sensors was around 5.905 billion yuan, showing a year-on-year increase of 29.85%, with a continuous rise in market share [2] - The demand for in-vehicle cameras has significantly increased due to the rapid penetration of autonomous driving systems and driver monitoring systems [2] - The automotive camera market is evolving towards higher resolution, multifunctionality, intelligence, and integration to meet consumer demands for improved driving experience and safety [2] Group 3: Display Solutions - The display solutions segment, primarily focused on LCD-TDDI products, faced challenges due to an imbalance in industry supply and demand, resulting in a revenue of 1.028 billion yuan, a decrease of 17.77% year-on-year [2] - The company is investing in the development of automotive display driver products to meet mainstream market specifications [2] - The diversification of product categories and application markets is expected to provide more growth opportunities for the display solutions segment [2]
韦尔股份2024年年报:图像传感器收入同比增超两成,显示解决方案收入有所下降