Puya semiconductor(SH:688766) Zheng Quan Shi Bao Wang·2025-08-21 13:41Company Summary - In the first half of 2025, the company achieved total revenue of 907 million yuan, representing a year-on-year growth of 1.19% [2] - The company is a leading player in the NOR Flash and EEPROM sectors in China, continuously investing in technology research and development to enhance product competitiveness [2] - The company's NOR Flash products utilize SONOS and ETOX dual-process platforms, covering a full capacity range from 512Kbit to 1Gbit, with significant cost advantages [2] - The company’s small and medium capacity SONOS NOR Flash automotive products have completed AEC-Q100 certification, and the full capacity ETOX NOR Flash series has passed automotive certification, facilitating entry into the high-growth automotive storage market [2] - The company’s automotive EEPROM has also received AEC-Q100 Grade 1 certification, leading to bulk deliveries for applications such as vehicle cameras and central control systems, thereby increasing the revenue share from automotive electronics [2] Industry Analysis - The automotive-grade storage market is entering a high-growth phase, with the global automotive NOR Flash market expected to reach approximately 810 million USD in 2024 and grow to 1.685 billion USD by 2031, reflecting a compound annual growth rate (CAGR) of 11.2% [3] - The automotive EEPROM market is projected to grow from 373 million USD in 2024 to 786 million USD by 2031, with a CAGR of about 11.1% [3] - Future demand for NOR Flash, EEPROM, and MCU in smart vehicles is anticipated to increase rapidly [3] - The company expects significant revenue growth in the automotive electronics sector as multiple products gain automotive certification and are integrated into the supply chains of major domestic and international automotive manufacturers [3]