Halo Micro(SH:688173) Zhong Guo Ji Jin Bao·2025-09-30 08:19Core Viewpoint - The article highlights the growth and strategic focus of Xidi Microelectronics, a leading domestic power management and signal chain chip supplier, emphasizing its commitment to high R&D investment and the potential for future growth in key markets such as AI and electric vehicles [2][3][5]. Company Overview - Xidi Microelectronics was established in 2012 and has become a prominent player in the semiconductor industry, particularly in power management and signal chain chips, with its IPO on the Sci-Tech Innovation Board in January 2022 [3]. R&D Investment - The company maintains a high R&D investment ratio, reaching 46.31% in 2024, which has led to significant technological advancements and a temporary impact on short-term performance [5]. - Xidi Micro has accumulated 249 patents, with over 60% of its workforce dedicated to R&D, indicating a strong focus on innovation [9]. Financial Performance - In the first half of the year, Xidi Micro reported a 102% increase in revenue and a 71.5% increase in gross profit, while net losses were reduced by 62% [5]. Market Position and Competition - Xidi Micro leads the market in visual perception products, with a global market share in this segment, while facing competition from both domestic and international players in power management [10][13]. - The company aims to enhance its competitive edge by optimizing management and production costs without sacrificing R&D [10]. Supply Chain Management - Xidi Micro has a relatively good inventory ratio of about 10%, focusing on close collaboration with downstream customers to optimize supply chain efficiency [11][12]. - The shift towards domestic suppliers has improved communication and response times, aiding in production cycle reduction [12]. Future Growth Areas - The primary business focuses on power management and visual perception chips, with significant market potential in these areas [13]. - Future growth is anticipated in the smart automotive sector and AI computing, where the company is currently in the R&D and customer onboarding phases [13]. Vision and Goals - The founder envisions reaching an annual revenue of $1 billion, contributing to the semiconductor industry's growth in China, with the company currently achieving close to 1 billion RMB in annual sales [16].