美芯晟：预计半年度净利润500万元左右 同比扭亏为盈

Core Insights - The company expects to achieve approximately 265 million yuan in revenue for the first half of 2025, representing an increase of about 71 million yuan or 37% year-on-year [1][2] - The projected net profit attributable to the parent company for the same period is around 5 million yuan, indicating an increase of approximately 21 million yuan or 131% year-on-year, marking a turnaround from loss to profit [1][2] - The net profit after deducting non-recurring gains and losses is expected to be around -3.3 million yuan, which is an improvement of about 25 million yuan or 88% year-on-year [1][2] Revenue Growth - The company's sales revenue has increased by approximately 37% year-on-year, driven by sustained technological leadership and economies of scale [2] - The growth in revenue is primarily attributed to increased customer demand, mass production and shipment of new products, and expansion into new market applications [2] Product and Market Development - The demand for optical sensors has significantly increased due to the rising demand from leading smart watch brands, contributing to substantial growth in this business segment [2] - New products such as ToF laser sensors are rapidly entering the robotics sector, with various optical solutions being validated and promoted across different application terminals including smartphones and AIoT [2] - The wireless charging product line has also maintained rapid growth, supported by the expansion of the wireless charging ecosystem, increased terminal demand, and upgrades in process technology [2] Profitability Improvement - The optimization of product structure and continuous supply chain integration have improved the gross margin, leading to a significant increase in net profit [2] - Key factors for the improvement in profitability include: 1. Increased sales proportion of high-margin products due to a long-term commitment to R&D innovation [2] 2. Self-developed BCD and optical and laser device technologies, along with deep collaboration with the supply chain to optimize costs and improve yield [2] 3. A focus on high-quality development, improved management processes, and enhanced operational efficiency, resulting in revenue and gross margin growth outpacing expense growth [2]