Shang Hai Zheng Quan Bao·2025-04-17 19:05Core Insights - The Chinese semiconductor industry is experiencing significant growth, with 134 companies reporting their 2024 annual results, indicating a strong upward trend in revenue and profitability [2][3][4] Group 1: Revenue Growth - Among the 134 semiconductor companies, 9 reported revenues exceeding 10 billion yuan, with notable companies like SMIC achieving 57.796 billion yuan, a 27.72% increase year-on-year [2] - Longji Technology is projected to have a revenue of 35.96 billion yuan in 2024, reflecting a 21.2% year-on-year growth [2] - Northern Huachuang expects revenues of 29.838 billion yuan, with a year-on-year growth of 35.14% [3] Group 2: Profitability Improvement - Out of the 134 companies, 92 achieved profitability, representing nearly 70% of the total, while 77 companies reported year-on-year growth in net profit attributable to shareholders [3] - Weir shares are expected to see a net profit of 3.323 billion yuan, marking a staggering 498.11% increase year-on-year [3] - Northern Huachuang's net profit is projected to be 5.621 billion yuan, a 44.17% increase compared to the previous year [3] Group 3: R&D Investment - A total of 68 companies disclosed R&D expenditures amounting to 37.56 billion yuan, with 58 companies reporting year-on-year growth in R&D spending [4] - SMIC, Haiguang Information, and Weir shares lead in R&D spending, with amounts of 5.447 billion yuan, 3.446 billion yuan, and 3.245 billion yuan respectively [4] - Companies like Zhongke Feimeng and Micro Company reported significant year-on-year increases in R&D expenses, with growth rates of 118.17% and 73.59% respectively [4] Group 4: Market Trends and Future Outlook - The rapid development of the Chinese semiconductor industry is attributed to the accumulation of manufacturing capabilities and the swift growth of electronic product manufacturing [6] - AI is driving the growth of cloud computing, smart vehicles, and smart hardware, significantly boosting semiconductor companies' performance [7] - IDC forecasts a 15% year-on-year growth in the semiconductor market by 2025, with the storage market expected to grow by over 24% [7]