Puya semiconductor(SH:688766) Zheng Quan Zhi Xing·2025-08-21 16:48Core Viewpoint - Puyasemi's 2025 semi-annual report indicates a slight increase in revenue but a significant decline in net profit, highlighting challenges in the semiconductor market and the impact of rising costs and market pressures [1][2][3]. Financial Performance - Total assets decreased by 3.17% from the previous year, amounting to CNY 2,496,660,786.56 [1]. - Revenue for the first half of 2025 was CNY 906,700,789.91, a 1.19% increase compared to the same period last year [1][2]. - Total profit dropped by 74.88% to CNY 36,296,678.64 [1]. - Net profit attributable to shareholders decreased by CNY 95,250,000, with a significant drop in net profit after excluding non-recurring gains and losses, down 82.40% to CNY 151,442,199.65 [1][2]. Cost and Margin Analysis - The overall gross margin was 31.03%, a decrease of 2.72 percentage points year-on-year, with gross profit declining by CNY 21,043,800 [3]. - Research and development expenses increased significantly, contributing to a total expense rise of CNY 59,087,400 compared to the previous year [3]. Cash Flow and Inventory Management - Net cash flow from operating activities showed an increase of CNY 38,523,500 year-on-year [4]. - The company maintained a high inventory level, leading to a decrease in inventory turnover rate and an increase in asset impairment losses by CNY 57,440,900 [3][4]. Shareholder Information - As of the report date, the total number of shareholders was 13,387, with the largest shareholder holding 18.74% of the shares [5][6].