Willsemi(SH:603501) Xin Lang Zheng Quan·2025-05-28 08:38Core Viewpoint - Weir Shares has announced a name change to "Haowei Group," reflecting a strategic shift towards its CMOS image sensor (CIS) business, which now constitutes over 70% of its revenue [1][6]. Company Overview - Weir Shares acquired Haowei Technology in 2019, significantly increasing its revenue and profit, with a threefold increase post-acquisition [2][4]. - The company is now the third-largest player globally in the CMOS sensor market, with a market share of 11% as of 2023, following Sony and Samsung [3][5]. Business Structure - Prior to the acquisition, Weir Shares' revenue was primarily from semiconductor design and sales, contributing 99.88% of total revenue in 2018 [7]. - Post-acquisition, the CMOS image sensor business generated 97.79 billion yuan in revenue, accounting for 71.74% of total revenue in 2019 [7]. - By 2024, the revenue breakdown is projected to be 74.58% from CMOS image sensors, 15.66% from semiconductor design and sales, 5.53% from solution products, and 4.00% from touch and display products [7]. Market Outlook - The global CIS market is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2028, reaching a market value of $28.8 billion [8]. - The automotive sector is anticipated to drive growth in the CIS market, with a projected CAGR of 10.2% due to applications in advanced driver-assistance systems (ADAS) and in-car monitoring systems [7].