首个芯片设计企业业绩预告出炉，泰凌微（688591.SH）上半年归母净利已超24年全年

Core Viewpoint - The performance forecast for the first half of 2025 indicates significant growth for TaiLing Microelectronics, with revenue and net profit expected to exceed the entire year of 2024, driven by strong sales across multiple product lines and a strategic focus on AI and IoT technologies [1][2][4]. Financial Performance - TaiLing Microelectronics anticipates approximately 503 million yuan in revenue for the first half of 2025, representing a year-on-year increase of about 37% [1] - The expected net profit attributable to shareholders is around 99 million yuan, reflecting a staggering growth of approximately 267% [1] - The gross margin is projected to rise by 4.52 percentage points to 50.7%, while the net margin is expected to increase significantly from 7.38% to 19.7% [2] Product and Market Development - The company has achieved substantial growth across all product lines, particularly in BLE, multi-mode, and audio products, with new AI chips entering mass production and gaining market recognition [5][6] - TaiLing Microelectronics has launched new products, including the TL721X and TL751X series, which are designed for low-power AI applications and support multiple wireless communication protocols [7][8] - The introduction of the TL7 series has led to significant sales in various sectors, including smart audio, smart home, and wearable technology, with revenues reaching the million yuan level in the second quarter [8] Strategic Positioning - The comprehensive layout of TaiLing Microelectronics in various communication protocols and product applications has begun to show results, enhancing its competitive edge in the market [3][4] - The company's strategic focus on integrating AI capabilities into its products positions it well for future growth, particularly as the demand for AIoT solutions increases [6][9] - The rapid expansion of overseas business and the increasing proportion of international revenue highlight the company's growing global presence [5]