思特威: 2025年半年度报告

Core Viewpoint - The report highlights the significant growth in revenue and net profit for SmartSens Technology (Shanghai) Co., Ltd. in the first half of 2025, driven by strong performance in the smartphone, smart security, and automotive electronics sectors. Financial Performance - The company achieved a revenue of approximately 3.79 billion yuan, representing a 54.11% increase compared to the same period last year [3] - The total profit reached approximately 441.14 million yuan, a substantial increase of 182.81% year-on-year [3] - The net profit attributable to shareholders was approximately 396.86 million yuan, reflecting a 164.93% increase from the previous year [3] - The net cash flow from operating activities was negative at approximately -1.71 billion yuan, indicating increased prepayments to suppliers [3] Industry Overview - The global semiconductor industry is projected to reach a sales figure of 700.9 billion USD in 2025, with a growth rate of 11.2% [7] - The domestic chip design industry in China is expected to grow by 11.9% in 2024, reaching approximately 646.04 billion yuan [8] - The global CMOS image sensor (CIS) market is forecasted to grow from 23.2 billion USD in 2024 to 30.1 billion USD by 2030, with a compound annual growth rate of 4.4% [8] Business Segments - In the smartphone sector, revenue reached approximately 175.49 million yuan, a 40.49% increase, accounting for 46.35% of total revenue [9] - The smart security segment generated approximately 154.99 million yuan, up 58.77%, representing 40.93% of total revenue [9] - The automotive electronics segment saw revenue of approximately 48.16 million yuan, a significant increase of 107.97%, making up 12.72% of total revenue [9] Product Development - The company launched several new high-performance 50-megapixel CMOS image sensors for flagship smartphones, enhancing its product offerings [10] - Innovations such as the Lofic HDR 2.0 technology were introduced to improve dynamic range and reduce motion artifacts in photography [11] - In the smart security field, the company maintained a leading position globally, with a market share of 46.2% in the drone CIS market [12] Research and Development - The company invested approximately 25.46 million yuan in R&D, with R&D personnel constituting 46.43% of the total workforce [15] - The company holds a total of 528 authorized patents, including 101 overseas patents, showcasing its commitment to innovation [15][16] Management and Strategy - The company operates under a Fabless model, focusing on the design and sales of CMOS image sensors while outsourcing manufacturing processes [7] - The management emphasizes a customer-centric approach, ensuring that product development aligns closely with market demands [18]