GOODIX(SH:603160) Ju Chao Zi Xun·2025-08-21 09:09Core Viewpoint - In the first half of 2025, the company reported a slight decline in revenue due to downstream customer inventory adjustments, while net profit saw significant growth driven by innovative products and cost management [2][3]. Financial Performance - Revenue for the first half of 2025 was 2.251 billion, a decrease of 0.2% compared to the same period last year [3]. - Net profit attributable to shareholders was 431 million, an increase of 35.7% year-on-year [2][3]. - Net profit excluding non-recurring gains and losses was 340 million, up 35.74% year-on-year [2][3]. - Total profit for the period was 481 million, reflecting a 27.17% increase compared to the previous year [3]. - The net cash flow from operating activities was 437 million, down 17.54% from the previous year [3]. - The company's net assets at the end of the period were 9.020 billion, a 3.42% increase from the end of the previous year [3]. Product and Market Development - The company's profitability improved due to the expansion of innovative products such as ultrasonic fingerprint sensors, light sensors, and security solutions, which began commercial use in Q4 2024 and continued to grow in H1 2025 [2][4]. - The gross margin increased from 42% to 43.3% year-on-year, driven by lower chip procurement costs and new product mass production [4]. - The company maintained effective cost control while keeping R&D and other expenses stable year-on-year [4]. - The under-display light sensor integrates ambient light, color temperature measurement, and proximity sensing, suitable for various devices, with new products expected to launch in the second half of the year [4]. - The small-sized touch control chips gained traction with major brands like Samsung, vivo, OPPO, Xiaomi, and others, benefiting from the increasing penetration of OLED screens in mobile devices [5].