JCET(600584) 21世纪经济报道·2025-04-21 06:58Core Viewpoint - The semiconductor industry is experiencing a recovery, and Changdian Technology (600584.SH) has shown a rebound in performance, with significant revenue and profit growth in 2024 compared to the previous year [1][2]. Financial Performance - In 2024, Changdian Technology achieved operating revenue of 35.96 billion yuan, a year-on-year increase of 21.24%, and a net profit attributable to shareholders of 1.61 billion yuan, up 9.44% year-on-year [1]. - The company's net profit remains significantly lower than the peak of 3.23 billion yuan in 2022, despite the revenue reaching a new high in 2024 [2]. Market Segmentation - In 2024, the revenue breakdown by application for Changdian Technology is as follows: Communications Electronics 44.8%, Consumer Electronics 24.1%, Computing Electronics 16.2%, Automotive Electronics 7.9%, and Industrial & Medical Electronics 7.0% [2]. - The computing electronics segment saw a revenue increase of 38.1%, while the automotive segment grew by 20.5%, both outperforming market averages [2]. Industry Trends - The demand for AI chips and storage chips is on the rise, driven by the rapid development of artificial intelligence technologies, particularly large language models, which is boosting the need for high-performance computing chips [2]. - The global smartphone market is projected to grow by 6.4% in 2024, with shipments reaching 1.24 billion units, marking a recovery after two years of decline [3]. R&D and Innovation - Changdian Technology ranked third globally among OSAT companies with revenues of 34.6 billion yuan, leading in advanced technology innovation and industry collaboration [4]. - The company invested 1.718 billion yuan in R&D in 2024, marking a 19.33% increase and surpassing its net profit for the first time in five years [4][5]. Future Outlook - In 2025, Changdian Technology plans to increase investment in advanced packaging R&D, aiming for breakthroughs in high-end 3D packaging, large-size devices, and optical-electrical integration applications [6].