天德钰芯片销售放量半年盈利1.52亿 坚持研发驱动总资产四年增279%

Core Viewpoint - The company Tian De Yu (688252.SH) continues to show strong performance in its operations, with significant revenue and profit growth in the first half of 2025, reflecting a positive trend in the semiconductor and consumer electronics industry [1][2]. Financial Performance - In the first half of 2025, the company achieved revenue of 1.208 billion yuan, a year-on-year increase of 43.35%, and a net profit of 152 million yuan, up 50.89% [1][2]. - For the full year of 2024, the company reported revenue of 2.102 billion yuan, a growth of 73.88%, and a net profit of 275 million yuan, marking a 143.61% increase, which is the best annual performance since its listing [2]. - In Q1 2025, the company recorded revenue of 554 million yuan, a 60.52% increase year-on-year, and a net profit of approximately 70.57 million yuan, up 116.96% [2]. - The second quarter of 2025 saw revenue of approximately 654 million yuan, a year-on-year increase of 31.46%, and a net profit of about 81.43 million yuan, up 18.93% [2]. Business Growth Drivers - The growth in the first half of 2025 is attributed to the increased demand for high-refresh-rate mobile display driver chips, significant shipments from brand customers in the tablet display driver chip segment, and an increase in market share for wearable display driver chips [3]. - The company maintains a leading position in the global market for electronic price tag driver chips, contributing to revenue growth [3]. Research and Development - The company has invested a total of 470 million yuan in R&D from 2022 to 2024, with annual R&D expenses of 150 million yuan, 144 million yuan, and 176 million yuan respectively [4][5]. - As of the end of 2024, the company holds 72 authorized patents, including 68 invention patents and 4 utility model patents, along with 99 layout designs and 58 software copyrights, totaling 229 intellectual property items [5]. Asset Growth - The company's total assets increased from 679 million yuan in 2020 to 2.574 billion yuan in 2024, representing a growth of 279.09% [5]. - As of the end of Q1 2025, total assets reached 2.666 billion yuan, a year-on-year increase of 19.50%, marking a historical high [5].