Xin Lang Cai Jing·2025-09-10 16:02Core Viewpoint - The company has demonstrated significant growth in revenue and net profit in the first half of 2025, driven by its focus on power semiconductor devices and the expansion into automotive electronics [1][2][3] Group 1: Financial Performance - In 1H25, the company achieved a net profit attributable to the parent company of 246 million yuan, representing a year-on-year increase of 46.57% [1] - The total revenue for 1H25 reached 1.6 billion yuan, reflecting a year-on-year growth of 26.77% [1] - In Q2 2025, the company reported revenue of 901 million yuan, which is a year-on-year increase of 21.21% and a quarter-on-quarter increase of 28.67% [1] Group 2: Product Performance - The revenue from MOSFET products has accelerated, becoming the largest revenue source for the company, contributing 753 million yuan in 1H25, which accounts for 47.75% of total revenue and shows a year-on-year growth of 33.69% [2] - The company’s core products, including thyristors and protective devices, maintained stable performance, with thyristors generating 283 million yuan in revenue (18% of total revenue, YoY +1.12%) [2] - Revenue from protective devices increased to 541 million yuan (34% of total revenue, YoY +34.32%) due to the expansion of 6-inch production capacity [2] Group 3: Strategic Initiatives - The company has completed the acquisition of the remaining 8.45% stake in Jie Jie Nantong Technology for 284 million yuan, achieving 100% ownership, which is expected to enhance profitability [3] - A new subsidiary in Chengdu has been established to focus on high-end isolation chip products, which has already generated sales revenue and is anticipated to provide new growth opportunities [3] - The company is strategically targeting the automotive electronics sector, with automotive revenue accounting for 15.79% of total revenue in 1H25, and over 80% of this revenue coming from MOSFET products [2]