Leadyo(SH:688135) Quan Jing Wang·2025-08-26 01:29Core Insights - Liyang Chip (SH.688135) reported a positive performance in its 2025 semi-annual report, showcasing revenue growth, reduced losses, and a significant quarterly breakthrough in the integrated circuit testing sector [1][2] Financial Performance - In the first half of 2025, the company achieved operating revenue of 284.04 million yuan, a substantial increase of 23.09% compared to the same period last year, indicating enhanced market competitiveness in the integrated circuit testing field [1] - The net profit attributable to shareholders was -7.06 million yuan, but the loss narrowed significantly compared to the previous year, reflecting a clear trend of improving profitability [1] - The net profit after deducting non-recurring gains and losses was -6.76 million yuan, indicating that the core business's profitability is gradually improving with minimal interference from non-recurring factors [1] Business Segmentation and Quarterly Analysis - The integrated circuit testing business generated operating revenue of 277.29 million yuan in the first half of 2025, a year-on-year growth of 21.85%, demonstrating the core competitiveness and sustainability of the company's main business [2] - In Q2 2025, the company achieved a record high quarterly revenue of 150.26 million yuan, reflecting increased market orders and significant progress in capacity release and customer expansion [2] - The net profit attributable to shareholders in Q2 2025 was 523,400 yuan, marking the first quarterly profit and indicating a turning point in the company's operations, transitioning from loss reduction to quarterly profitability [2] Future Outlook - Overall, Liyang Chip's performance in the first half of 2025 is commendable, with steady revenue growth, continuous loss reduction, and improved quarterly profitability, confirming the gradual release of development potential in the integrated circuit testing sector [2] - With the recovery of the integrated circuit industry's prosperity and the company's ongoing efforts in its core business, there is potential for further market share expansion and sustained improvement in profitability, ultimately creating more value for shareholders [2]