GalaxyCore (SH:688728) Zheng Quan Shi Bao Wang·2025-08-27 08:19Core Viewpoint - Geke Micro (688728) reported a revenue of 3.636 billion yuan for the first half of 2025, marking a year-on-year growth of 30.33%, while the net profit attributable to shareholders was 29.76 million yuan, with a non-recurring net profit of -14.95 million yuan due to ongoing R&D investments and foreign exchange losses [1] Financial Performance - The company achieved an EBITDA of 699 million yuan in the first half of the year [1] - In Q2 2025, Geke Micro's revenue reached 2.112 billion yuan, representing a quarter-on-quarter growth of 38.56%, with a net profit of 81.49 million yuan, turning from loss to profit [1] - The net cash flow from operating activities was 814 million yuan, up 858% year-on-year, driven by increased sales and reduced cash expenditures due to a higher proportion of products produced in its own wafer fab [1] Business Segments - In the first half of the year, Geke Micro sold 524 million mobile CMOS image sensors, generating revenue of 2.212 billion yuan, a year-on-year increase of 41.47% [2] - Non-mobile CMOS image sensors sold 140 million units, with revenue of 715 million yuan, reflecting a year-on-year growth of 11.38% [2] - Display driver chips sold 249 million units, achieving revenue of 706 million yuan, a year-on-year increase of 20.96% [2] Production Capacity and Strategy - The semiconductor factory operated at near full capacity, transitioning production from 800 million and 1.3 billion pixel products to 3.2 billion and 5 billion pixel products, enhancing product value and profitability [2] - The factory is capable of customized production to meet unique demands from flagship smartphones, automotive, and PC sectors, strengthening the company's competitive edge [2] - Geke Micro is focused on CIS and DDIC packaging and manufacturing, with ongoing IATF16949 automotive certification efforts to enhance integrated competitiveness [2]