Core Insights - Company expects revenue for the first half of 2025 to be between 1,430 million to 1,500 million yuan, representing a year-on-year growth of 14.39% to 19.99% [1] - Net profit attributable to shareholders is projected to decrease by 35.09% to 47.03%, estimated between 108.86 million to 133.16 million yuan [1] - The company anticipates a significant decline in net profit excluding non-recurring gains and losses, expected to be between 83.42 million to 107.92 million yuan, a decrease of 47.60% to 59.50% year-on-year [1] Group 1 - In the first half of 2025, there is a slight recovery in consumer market demand, with automotive and industrial market demand rebounding, leading to an increase in market share and sales scale [2] - As revenue grows, the company's costs are also increasing due to intense market competition and product structure, resulting in a decline in overall gross margin, expected to be between 36% to 37% for the first half and 35% to 36% for the second quarter [2] - The company is focusing on its development strategy by increasing R&D investment and expanding its workforce, particularly in R&D personnel [2] Group 2 - The company has seen an increase in government subsidies and other income compared to the same period last year due to varying government subsidy policies [2] - Investment income from trading financial assets held by the company has also increased year-on-year, positively impacting non-recurring gains and losses [2]
南芯科技(688484.SH)：预计半年度净利润同比减少35.09%-47.03%