GalaxyCore (SH:688728) Ju Chao Zi Xun·2025-08-26 09:06Core Insights - The company reported a revenue of 3.636 billion yuan for the first half of 2025, representing a year-on-year growth of 30.33% [2] - Net profit attributable to shareholders was 30 million yuan, a significant decline of 61.59% compared to the same period last year [2] - The decline in net profit excluding non-recurring gains was 15 million yuan, down 132.51% from 46 million yuan in the previous year [2] Revenue Growth Drivers - The revenue growth was primarily driven by the recovery of the consumer market and an increase in the shipment volume of high-pixel chip products [2] - Revenue from products with 13 million pixels and above exceeded 1 billion yuan, accounting for approximately 46% of the mobile CIS product business [2] - The shipment volume of products with 32 million pixels and above surpassed 40 million units, indicating a further increase in the revenue share of high-pixel products [2] Technological Advancements - The company upgraded its small pixel process technology with the GalaxyCell®2.0 platform, which significantly enhances performance in various shooting environments, especially low-light conditions [2] - The GalaxyCell®2.0 platform integrates advanced FPPI®Plus isolation technology, effectively reducing pixel dark current [2] - The company plans to continue iterating on high-pixel product performance to enhance core competitiveness and expand market share [2] Automotive Electronics and Emerging Markets - The company is actively developing automotive electronics, with its first 3.0μm 1.3 million pixel product undergoing client testing, featuring DCG+vsHDR synthesis with a dynamic range of 120DB [3] - The company is also working on a 3.0μm 3 million pixel product designed for functional and network safety, applicable in various automotive applications [3] - The company is focusing on emerging markets such as AI glasses, with a 5 million pixel CIS already in mass production for AI glasses projects [3]