USC(SH:688403) Xin Lang Cai Jing·2025-11-11 07:49Core Viewpoint - The company, Hefei Xinhui Microelectronics Co., Ltd., is strategically expanding its business in the semiconductor industry, particularly in advanced packaging and storage chip sectors, benefiting from the depreciation of the RMB and its recognition as a "specialized, refined, distinctive, and innovative" enterprise [2][3][5]. Company Overview - Hefei Xinhui Microelectronics was established on December 18, 2015, and went public on August 18, 2022. Its main business focuses on advanced packaging and testing services for integrated circuits, with a revenue composition of 90.25% from display driver chip packaging and testing [7]. - The company has a total market capitalization of 13.52 billion yuan, with a recent trading volume of 857 million yuan and a turnover rate of 6.34% [1]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.295 billion yuan, representing a year-on-year growth of 21.05%, and a net profit attributable to shareholders of 124 million yuan, up 23.21% year-on-year [8]. - As of the end of September 2025, the company's overseas revenue accounted for 54.15% of total revenue, benefiting from the depreciation of the RMB [3]. Strategic Developments - The company has acquired a 27.5445% stake in Hefei Xinfeng Technology Co., Ltd. and formed a strategic partnership with East China Technology (Suzhou) Co., Ltd. to expand into the 3D DRAM and storage chip packaging business, targeting the explosive demand in the AI infrastructure era [2]. - The company is focusing on advanced packaging technologies, including Chiplet, Fan-out, 2.5D/3D, and SiP, to enhance its competitive edge in the semiconductor market [2][3]. Market Position - Hefei Xinhui Microelectronics is recognized as a "specialized, refined, distinctive, and innovative" enterprise, which is a prestigious title for small and medium-sized enterprises in China, indicating its strong market position and innovation capabilities [3][5]. - The company operates within the semiconductor industry, specifically in the integrated circuit packaging and testing sector, and is part of various concept sectors including advanced packaging and LED [8].