Halo Micro(SH:688173) Zhong Guo Ji Jin Bao·2025-09-30 08:07Core Insights - The article highlights the significant growth and strategic focus of Xi Di Microelectronics, a leading domestic power management chip supplier, emphasizing its high R&D investment and the resulting business performance improvements [1][2]. Group 1: Company Overview - Xi Di Microelectronics was established in 2012 and has become a leading supplier of power management and signal chain chips in China, listed on the STAR Market in January 2022 [1]. - The company is recognized as a national-level "specialized and innovative" small giant enterprise, maintaining a high R&D investment ratio of 46.31% for the year 2024 [1]. Group 2: Financial Performance - In the first half of the year, Xi Di Microelectronics reported a 102% increase in revenue, a 71.5% increase in gross profit, and a significant reduction in net loss by 62% [1]. - The company has a strong patent portfolio with 249 invention patents, and over 60% of its employees are engaged in R&D [5]. Group 3: R&D Strategy - The company prioritizes R&D due to the technology-intensive nature of the semiconductor industry, aiming for 100% localization in technology, manufacturing, and team composition [4]. - Xi Di Microelectronics has successfully transitioned from learning foreign advanced technologies to achieving domestic production capabilities [4]. Group 4: Market Position and Competition - In the visual perception sector, Xi Di Microelectronics leads the market with a significant share, while in power management, it faces competition from both domestic and international suppliers [7]. - The company aims to enhance competition within the industry by collaborating with other domestic suppliers [7]. Group 5: Future Growth Areas - The main business segments for future growth include power management chips for consumer electronics and audio coil motor driver chips for visual perception applications [11]. - Emerging markets with high growth potential include smart vehicles and AI computing, where the company is in the R&D and customer introduction phase [11]. Group 6: Supply Chain Management - Xi Di Microelectronics maintains a relatively low inventory ratio of about 10%, optimizing supply chain management to improve cash flow and reduce production cycles [8][9]. - The company has shifted towards domestic suppliers, enhancing communication efficiency and reducing production lead times [8]. Group 7: Vision and Aspirations - The founder envisions achieving an annual revenue of $1 billion, a significant milestone for Chinese semiconductor companies, with the company’s revenue nearing 1 billion RMB last year [14]. - The founder's experience in the semiconductor industry and the growing demand for chips in China motivated the establishment of Xi Di Microelectronics [12][13].