Ge Long Hui A P P·2025-08-25 07:40Core 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 profit is attributed to the implementation of consumer subsidies and the steady release of demand in consumer terminals, alongside the ongoing development of AI driving demand in PC, server, and automotive electronics sectors [1] Product Demand and Revenue Growth - In the Flash product segment, the demand in the consumer sector saw significant growth in the first half of 2025, driven by consumer subsidies and the peak consumption season in Q2 [1] - The continuous upgrade of NOR Flash storage capacity in mobile screens, AIPC, and servers has also contributed to the revenue growth in the Flash business [1] Chip Segment Performance - In the sensor chip segment, the company maintained relatively stable revenue year-on-year in the mobile market [1] - The revenue from analog chips experienced a year-on-year increase of over 450%, significantly boosted by the acquisition of Suzhou Saichip, leading to substantial growth in analog chip revenue [1] Investment Rating - The report maintains a "Buy" rating for the company [1]