【私募调研记录】誉辉资本调研晶丰明源

Group 1 - The core viewpoint of the news is that Yuhui Capital conducted a research on a listed company, Jingfeng Mingyuan, revealing significant growth in sales and net profit for the first half of 2025 [1] - Jingfeng Mingyuan achieved a sales revenue of 731 million yuan and a net profit of 15.76 million yuan, representing a year-on-year growth of 151.67% [1] - The company's gross margin improved to 39.60%, attributed to process iteration, supply chain management, and product structure optimization [1] Group 2 - The high-performance computing power chip business saw a revenue increase of 419.81%, while the motor control driver chip revenue grew by 24.30% [1] - The company launched an intelligent automotive-grade MCU, indicating a focus on innovation and new product development [1] - Although the AC/DC power chip business experienced a slight decline, progress was made in the major and small appliance sectors [1] Group 3 - The LED lighting business revenue decreased by 15.02%, but the company expanded its market layout for smart LED lighting products [1] - Jingfeng Mingyuan is in the process of acquiring Sichuan Yichong, with the restructuring work expected to be submitted within a month [1]