Lion(SH:605358) Zheng Quan Zhi Xing·2025-07-14 16:25Core Viewpoint - The company, Hangzhou Lian Microelectronics Co., Ltd., anticipates a significant net loss for the first half of 2025, with projected revenues showing a modest increase compared to the previous year [1][3]. Financial Performance Summary - The company expects to achieve approximately 1,666 million yuan in revenue for the first half of 2025, representing a year-on-year growth of about 14.20% [1]. - The projected net loss attributable to shareholders is around -121 million yuan, indicating an increase in losses of approximately 80.98% year-on-year [1]. - The net profit after deducting non-recurring losses is expected to be -120 million yuan, which reflects a year-on-year increase in losses of about 188.52% [1]. Sales and Production Data - The company reported a total sales volume of 9.2786 million 6-inch equivalent semiconductor wafers, marking a year-on-year increase of 38.72% and a quarter-on-quarter increase of 9.95% [2]. - The sales volume of 12-inch wafers was 811,500 units, equivalent to 3.2459 million 6-inch wafers, showing a year-on-year growth of 99.14% and a quarter-on-quarter growth of 16.68% [2]. - Sales of semiconductor power device chips reached 942,000 units, reflecting a year-on-year increase of 4.48% and a quarter-on-quarter increase of 2.12% [2]. - The sales volume of compound semiconductor RF chips decreased to 13,700 units, a decline of 22.36% year-on-year and 38.69% quarter-on-quarter, attributed to a strategic shift in product sales [2]. Cost and Loss Analysis - The primary reasons for the expected decline in net profit include increased depreciation and amortization costs of approximately 73.7 million yuan due to ongoing expansion projects, and a provision for inventory impairment of about 96 million yuan [3]. - Non-operating losses attributable to shareholders decreased by approximately 24.35 million yuan, mainly due to reduced fair value losses from stock price fluctuations [3].