SMEI(SZ:300456) Xin Lang Cai Jing·2025-09-23 01:52Core Viewpoint - The stock of Saiwei Electronics has experienced fluctuations, with a recent decline of 2.05% and a year-to-date increase of 55.65%, indicating volatility and growth potential in the semiconductor sector [1][2]. Financial Performance - For the first half of 2025, Saiwei Electronics reported revenue of 570 million yuan, reflecting a year-on-year growth of 3.40%. However, the net profit attributable to shareholders was a loss of 650,300 yuan, despite a significant year-on-year improvement of 98.48% [2]. - Cumulative cash dividends since the company's A-share listing amount to 155 million yuan, with 25.63 million yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased by 2.35% to 65,900, while the average number of tradable shares per shareholder increased by 2.41% to 9,071 shares [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 10.27 million shares, an increase of 6.31 million shares from the previous period [3]. Market Activity - On September 23, the stock price was 26.74 yuan per share, with a trading volume of 371 million yuan and a turnover rate of 2.30%. The total market capitalization stood at 19.579 billion yuan [1]. - The stock has shown strong performance over various time frames, with a 14.91% increase over the last five trading days and a 55.19% increase over the last 60 days [1]. Business Overview - Saiwei Electronics specializes in MEMS process development, wafer manufacturing, GaN epitaxial material growth, and chip design. The revenue breakdown shows that MEMS wafer manufacturing accounts for 54.30%, followed by MEMS process development at 39.14% [1]. - The company operates within the semiconductor industry, specifically in integrated circuit manufacturing, and is associated with several key concepts such as 5.5G, Huawei HiSilicon, and GaN technology [1].