AWINIC(SH:688798) Xin Lang Cai Jing·2025-08-19 11:00Core Viewpoint - The company expects growth in performance driven by high-performance mixed-signal chips and power management chips in the second half of the year, despite a decline in revenue for signal chain chips [1][2]. Financial Performance - In the first half of 2025, the company sold over 2.7 billion products, achieving revenue of 1.37 billion yuan, a year-on-year decrease of 13.4% [1]. - The net profit attributable to shareholders was 157 million yuan, reflecting a year-on-year increase of 71.09% [1]. - The overall gross margin improved by 8.03 percentage points compared to the same period last year [1]. Product Performance - Revenue from signal chain chips decreased by 55% year-on-year, accounting for approximately 10% of total revenue [1]. - The company launched around 150 new product models in the first half of 2025, covering various sectors including consumer electronics, industrial, and automotive [2]. - New products such as the second-generation high-performance linear charging chip and the first digital medium-power amplifier have been recognized by downstream customers and are in mass production [2]. Market Conditions - Demand from consumer electronics customers is stable, while industrial customers are in a restocking phase, and automotive customers are experiencing strong demand due to the increasing penetration of new energy vehicles [3]. - The company has a good order backlog and plans to continue expanding its customer base in the second half of the year [3]. Future Plans - The company aims to accelerate the launch of new models in high-performance mixed-signal, power management, and signal chain chips [3]. - It is also actively developing edge AI applications and various edge AI chips, leveraging specialized hardware accelerators and multi-core collaboration technologies [3]. - The company plans to raise up to 1.901 billion yuan through convertible bonds for global R&D center construction and various chip development projects [4].