Zheng Quan Shi Bao·2025-08-13 05:51Core Viewpoint - The global semiconductor industry is experiencing a recovery trend, but the recovery of semiconductor wafer production is lagging behind the overall market, with several A-share semiconductor wafer companies reporting profit declines in Q1 2025 [1] Group 1: Market Trends - SEMI data indicates that global semiconductor wafer shipments decreased to 12.266 billion square inches in 2024, a year-on-year decline of 2.67%, with sales revenue dropping to $11.5 billion, down 6.5% year-on-year [2] - In Q1 of this year, the semiconductor wafer market showed a mild recovery, with global wafer shipment area increasing by 4.6% year-on-year, although there is a divergence in different sizes: 300mm wafer shipments grew by 5.7% year-on-year, while 200mm wafer shipments declined by 2.9% [2] Group 2: Company Performance - Shanghai Silicon Industry reported a revenue of approximately 3.388 billion yuan last year, with a net profit loss of about 971 million yuan, and a net profit loss of around 200 million yuan in Q1 this year [2] - Li Wei, the executive vice president of Shanghai Silicon Industry, stated that sales volume and overall revenue are expected to rise in 2024 and Q1 2025, but price recovery depends on further market recovery [2] - Lian Microelectronics reported a revenue of 3.092 billion yuan last year, a year-on-year increase of nearly 15%, but a net profit loss of 266 million yuan due to cost pressures from capacity expansion and declining product prices [3] Group 3: Industry Upgrades - The 12-inch semiconductor wafer has become the main focus for capacity expansion and ramp-up, with Lian Microelectronics' factories in Jiaxing and Quzhou currently in the ramp-up phase [4] - Lian Microelectronics announced a total investment of 1.23 billion yuan for a project to produce 960,000 pieces of 12-inch epitaxial wafers annually [4] - Shanghai Silicon Industry aims to achieve a monthly production capacity of 600,000 pieces of 12-inch wafers by the end of 2024, with ongoing capacity construction in Taiyuan [5] Group 4: Capital Operations - Semiconductor wafer companies are actively engaging in capital operations, with Shanghai Silicon Industry planning to acquire minority stakes in subsidiaries for a total payment of 7.04 billion yuan to enhance its 300mm wafer business [6] - Yuyuan Silicon announced plans to acquire approximately 60% of the shares of High Frequency (Beijing) Technology Co., a supplier of ultra-pure water systems for chip manufacturing [7] - The acquisition of DG Technologies by Yuyuan Silicon is expected to accelerate the update of etching equipment silicon material manufacturing technology, achieving integration and upgrading of the industrial chain [7]