Southchip Semiconductor Technology(Shanghai) (SH:688484) Sou Hu Cai Jing·2025-08-02 23:14Core Viewpoint - Nanchip Technology (688484) has shown a significant increase in stock price and is expected to report a rise in revenue for the first half of 2025, despite a decline in net profit due to market competition and product structure adjustments [1][3]. Financial Performance Summary - Nanchip Technology's stock closed at 40.15 yuan, up 7.41% from the previous week, with a market capitalization of 17.092 billion yuan [1]. - The company forecasts revenue for the first half of 2025 to be between 1.43 billion yuan and 1.5 billion yuan, representing a year-on-year growth of 14.39% to 19.99% [1][3]. - Expected net profit attributable to shareholders is projected to be between 108.8605 million yuan and 133.1605 million yuan, reflecting a decrease of 47.03% to 35.09% year-on-year [1]. - The net profit after excluding non-recurring gains and losses is anticipated to be between 83.41845 million yuan and 107.9184 million yuan, down 59.50% to 47.60% year-on-year [1]. Market and Operational Insights - The consumer market demand has shown slight recovery, particularly in the automotive and industrial sectors, contributing to an increase in market share and sales volume [1]. - The overall gross margin is expected to decline to 36% to 37% due to intense market competition and adjustments in product structure [1]. - The company is increasing its R&D investment, with a notable rise in R&D expenses [1]. Related Transactions and Financial Management - Nanchip Technology anticipates a maximum of 10 million yuan in daily related transactions with Shenzhen Gan Nan Semiconductor Technology Co., Ltd. for 2025 [2]. - The company plans to use up to 700 million yuan of idle raised funds for cash management, focusing on high-security and liquid investment products [2][3]. - The board has approved the use of up to 1.5 billion yuan of idle self-owned funds for cash management, with similar investment product criteria [3]. Capital Changes - The total number of shares has increased from 425,457,743 to 425,702,911, with the registered capital changing to 425,702,911 yuan [5].