Anlogic(SH:688107) Shang Hai Zheng Quan Bao·2025-04-26 08:50Core Viewpoint - The company, Shanghai Anlu Information Technology Co., Ltd., reported a net profit attributable to shareholders of RMB -205,141,813.17 for the year 2024, indicating a continued investment in R&D despite a slight decline in revenue due to inventory adjustments in downstream markets [4][18]. Company Overview - The company specializes in the research, design, and sales of FPGA, FPSoC chips, and dedicated EDA software, positioning itself as a leading FPGA supplier in China [6][18]. - The company operates under a Fabless model, focusing on chip design and outsourcing manufacturing and testing to third-party firms [8]. Financial Performance - The company reported a net loss of RMB -205.14 million for 2024, with no cash dividends or stock bonuses proposed for the year [4][18]. - The company has maintained high levels of R&D investment, which is crucial for its long-term sustainability and competitiveness [18]. Industry Situation - The global semiconductor market is projected to reach USD 627.6 billion in 2024, with a year-on-year growth of 19.1%, driven by AI and high-performance computing demands [9]. - The FPGA industry is characterized by high flexibility and low latency, making it suitable for various applications, including communication, industrial, medical, and automotive sectors [10][11]. Technological Trends - The FPGA industry is evolving towards advanced processes and packaging technologies, with a focus on integrating more functionalities into single chips [20][21]. - There is a growing trend towards high integration and high-speed interconnects in FPGA chips, enhancing their capabilities for new applications [21][22]. Future Development - The company aims to expand its product matrix and enhance its EDA software performance, targeting significant market breakthroughs in various sectors [18]. - The FPGA market is expected to grow further as demand for edge computing, automotive electronics, and data centers increases, with the company well-positioned to capitalize on these trends [23].