Xin Lang Cai Jing·2025-08-25 07:13Core Viewpoint - The report from Huazhong Securities indicates that Zhaoyi Innovation's net profit attributable to shareholders for the first half of 2025 reached 575 million yuan, representing a year-on-year increase of 11.31% [1]. Financial Performance - In Q2 2025, the net profit attributable to shareholders was 341 million yuan, showing a year-on-year growth of 9.17% and a quarter-on-quarter increase of 45.27% [1]. - The growth in net profit is attributed to the implementation of consumer subsidies and the steady release of demand in consumer terminals [1]. Market Demand - The development of AI continues to drive demand growth in sectors such as PCs, servers, and automotive electronics [1]. - In the Flash product segment, there was a significant increase in demand in the consumer sector due to national subsidies and the seasonal consumption peak in Q2 [1]. - Upgrades in storage capacity for mobile screens, AIPC, and servers have also contributed to revenue growth in the Flash business [1]. Chip Segments - In the sensor chip segment, the company has maintained relatively stable revenue in the mobile market [1]. - The revenue from analog chips has seen a year-on-year increase of over 4.5 times, significantly boosted by the acquisition of Suzhou Saichip [1]. - Overall, the revenue from analog chips has experienced substantial growth year-on-year [1]. Investment Rating - The report maintains a "Buy" rating for the company [1].