紫光国微：上半年营收30.47亿，多业务发展向好

Core Viewpoint - Unisoc's revenue for the first half of 2025 increased by 6.07% year-on-year, with significant growth in the special integrated circuit business, while facing challenges in predicting future orders for 2026 and 2027 [1] Group 1: Financial Performance - In the first half of 2025, Unisoc reported revenue of 3.047 billion yuan, with a net profit attributable to shareholders declining by approximately 6% [1] - The second quarter saw a revenue increase of 97% quarter-on-quarter and 17% year-on-year, with a non-GAAP net profit rising by 451% quarter-on-quarter and 39% year-on-year [1] - Cash flow net amount increased by 420% quarter-on-quarter [1] Group 2: Business Segments - The special integrated circuit business experienced significant growth, with second-quarter revenue reaching 1.059 billion yuan, a 158% increase quarter-on-quarter [1] - The revenue from logic and storage chips in this segment accounted for nearly 95%, indicating a stable structure [1] - The company is focusing on expanding its product categories and market share in the downstream market [1] Group 3: Product Development and Market Strategy - Unisoc is planning to enhance its market promotion for sustainable high-quality development [1] - The eSIM chip has the capability for mass shipment globally, but domestic market activation is pending policy changes [1] - In the automotive electronics sector, the company has launched mass production of automotive safety chip solutions, with millions of units shipped annually [1] Group 4: Future Outlook - The company is exploring potential in digital currency hardware, with development contingent on policy factors [1] - Demand for quartz crystal frequency devices is rising due to the growth in consumer electronics, indicating a stable business outlook [1] - Unisoc is focusing on emerging markets to enhance market share and penetration [1]