Core Viewpoint - ChipMotion Technology (688582.SH) is experiencing rapid growth in performance due to its proprietary high-performance MEMS inertial sensor product system, with significant revenue and profit increases projected for the first half of 2025 [1][2]. Financial Performance - The company expects to achieve revenue between 228 million to 278 million yuan in the first half of 2025, representing a year-on-year growth of approximately 66.04% to 102.45% [1][2]. - Net profit attributable to shareholders is projected to be between 138 million to 169 million yuan, indicating a year-on-year increase of approximately 144.46% to 199.37% [1][2]. - The net profit excluding non-recurring gains and losses is expected to be between 125 million to 169 million yuan, reflecting a growth of 163.23% to 255.89% [2]. Research and Development - ChipMotion has consistently emphasized technological research and development, with R&D expenses reaching 27.63 million yuan in Q1 2025, a year-on-year increase of 26.66%, accounting for approximately 31% of the revenue during the same period [1][7]. - The company has established a complete business process and supply chain system, forming a technological closed loop in MEMS inertial sensor chip design, MEMS process development, packaging, and testing [6][7]. Market Position and Applications - ChipMotion's products, including MEMS gyroscopes and MEMS accelerometers, are widely used in high-end industries, smart manufacturing, and autonomous vehicles, gradually replacing fiber optic and laser gyroscopes in certain downstream applications [3][5]. - The company has been recognized as a "hidden champion" in the domestic high-performance inertial sensor market, with its products gaining acceptance across various fields due to their superior performance and cost-effectiveness [3][5]. Historical Performance - The company's revenue for 2022 and 2023 was 227 million and 317 million yuan, respectively, with year-on-year growth rates of 36.58% and 39.77% [3][4]. - In 2024, ChipMotion achieved revenue of 405 million yuan, a year-on-year increase of 27.57%, and a net profit of 222 million yuan, growing by 34.33% [4].
芯动联科订单充足半年最高预盈1.69亿 重视技术自主化首季研发费率31%