SINOPACK(SZ:003031) Zheng Quan Shi Bao Wang·2025-08-29 02:37Core Viewpoint - Hebei Zhongci Electronics (003031) reported strong financial performance in the first half of 2025, with double-digit growth in both revenue and net profit, driven by advancements in third-generation semiconductor devices and electronic ceramic materials [1] Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.398 billion yuan, a year-on-year increase of 14.37%, adding 176 million yuan in revenue [2] - The net profit attributable to shareholders reached 278 million yuan, reflecting a year-on-year growth of 30.92%, indicating a significant improvement in core business profitability [2] - The basic earnings per share were 0.62 yuan, up 31.91% year-on-year, and the weighted average return on net assets increased to 4.50%, up 0.78 percentage points from the previous year [2] - As of June 30, 2025, total assets amounted to 7.715 billion yuan, a 1.63% increase from the end of the previous year, while net assets attributable to shareholders grew by 1.55% to 6.128 billion yuan [2] Core Business Technological Breakthroughs - In the third-generation semiconductor devices and modules sector, the subsidiary Beijing Guolian Wanzhong has developed a series of SiC power modules (650V, 1200V, 1700V) widely used in electric vehicles and industrial power supplies, with product quality recognized by major clients [3] - The 8-inch SiC wafer process line was upgraded and is now in the product upgrade and customer introduction phase, enhancing the company's market position in the SiC sector [3] - The subsidiary Hebei Bowei has made significant advancements in GaN technology, establishing four R&D platforms for 5G high-power base station GaN RF devices and achieving mass production of GaN communication base station RF chips [3] Electronic Ceramic Materials and Components - The company possesses intellectual property for a series of alumina and aluminum nitride ceramics, with capabilities in designing and developing 1.6Tbps optical communication device housings and substrates, matching international standards [4] - Current products include ceramic housings and substrates for communication devices, industrial lasers, consumer electronics, and automotive electronics, with applications expanding across various sectors [4]