OmniVision Integrated Circuits Group(SH:603501) Xin Lang Cai Jing·2025-04-17 08:29Core Insights - The company reported a record high revenue of 25.731 billion yuan in 2024, representing a year-on-year growth of 22.41%, and a net profit attributable to shareholders of 3.323 billion yuan, up 498.11% from the previous year [1][2]. Financial Performance - The company's gross margin improved to 29.44%, an increase of 7.68 percentage points year-on-year, while the net profit margin rose to 12.76%, up 10.17 percentage points from the previous year [2]. Market Trends - The global semiconductor industry is experiencing a recovery, driven by AI boosting demand in consumer electronics and accelerating automotive intelligence, leading the industry into an upward cycle [2]. - The company capitalized on opportunities in the high-end smartphone market and the penetration of automotive intelligence, resulting in significant growth in operating performance [2]. Business Segments - In the smartphone sector, the company launched a high-end image sensor, OV50H, which has been widely adopted in mainstream high-end smartphones, contributing approximately 9.802 billion yuan in revenue from this segment, a 26.01% increase year-on-year [3]. - In the automotive sector, the company’s advanced compact automotive CIS solutions have been applied across various automotive applications, generating about 5.905 billion yuan in revenue, a 29.85% increase year-on-year, with a continuous rise in market share [3]. Investment Outlook - The company is expected to achieve earnings per share of 3.70 yuan and 4.79 yuan for 2025 and 2026, respectively, with corresponding price-to-earnings ratios of 34 times and 26 times, maintaining a "buy" rating [3].