USC(SH:688403) Xin Lang Cai Jing·2025-10-10 07:52Core Viewpoint - The company, Hefei Xinhui Microelectronics Co., Ltd., is focusing on advanced packaging technology and has seen significant growth in revenue and net profit, benefiting from the depreciation of the RMB and a strong overseas revenue share [3][7]. Company Overview - Hefei Xinhui Microelectronics was established on December 18, 2015, and listed on August 18, 2022. The company specializes in integrated circuit advanced packaging and testing services, with a primary focus on gold bumping technology and comprehensive packaging solutions for display driver chips [7]. - The company's revenue composition is 90.25% from display driver chip testing and packaging, with the remaining 9.75% from other services [7]. Financial Performance - For the first half of 2025, the company achieved a revenue of 866 million yuan, representing a year-on-year growth of 28.58%. The net profit attributable to the parent company was approximately 96.04 million yuan, marking a 60.94% increase compared to the previous year [7]. - As of June 30, 2024, the company's overseas revenue accounted for 54.15% of total revenue, benefiting from the depreciation of the RMB [3]. Investment and R&D - The company has invested heavily in research and development, with an expenditure of 89.41 million yuan in the latest reporting period, reflecting a 13.38% increase year-on-year. This investment is aimed at enhancing its capabilities in chip packaging technologies, including automotive-grade chips and storage chips [2]. Market Activity - On October 10, the company's stock price fell by 2.14%, with a trading volume of 1.148 billion yuan and a turnover rate of 7.10%, resulting in a total market capitalization of 16.464 billion yuan [1]. - The average trading cost of the stock is 16.21 yuan, with the current price fluctuating between resistance at 20.23 yuan and support at 18.11 yuan, suggesting potential for short-term trading strategies [6].