Core Viewpoint - The company anticipates an increase in revenue but a significant decrease in net profit for the half-year period ending June 30, 2025, primarily due to intense market competition and other financial factors [1][2] Revenue and Profit Forecast - The expected revenue for the period is approximately RMB 1.82 billion to RMB 1.85 billion, representing an increase of RMB 25.9 million to RMB 55.9 million, or about 1.44% to 3.12% year-on-year [1] - The net profit attributable to the parent company is projected to be around RMB 180 million to RMB 210 million, a decrease of RMB 138 million to RMB 168 million, or approximately 39.67% to 48.29% year-on-year [1] - The net profit excluding non-recurring gains and losses is expected to be about RMB 170 million to RMB 200 million, down by RMB 109 million to RMB 139 million, or approximately 35.24% to 44.95% year-on-year [1] Market Conditions and Challenges - The primary reasons for the anticipated revenue increase and net profit decrease include intense market competition across product lines and the company's efforts to expand into new products and markets [2] - The integrated circuit design segment has shown growth in all product lines, contributing to revenue improvement, while the overall gross margin remains stable year-on-year [2] - A reduction in the value-added tax credit for integrated circuit design enterprises and decreased government subsidies has led to a decline in other income by approximately RMB 68 million [2] - The company has recognized an increase in inventory impairment losses of about RMB 140 million year-on-year due to decreased demand and longer inventory aging [2]
上海复旦(01385)发盈警，预期中期归母净利润1.8亿元至2.1亿元 同比减少39.67%至48.29%