芯朋微2025年营收为11.4亿元，净利润同比大增66%

Core Viewpoint - Chipone Microelectronics expects significant growth in revenue and net profit for the year 2025, driven by its core strategy in the semiconductor energy sector, despite a decline in net profit after excluding non-recurring items [2][3][4] Group 1: Revenue and Profit Forecast - The company anticipates a revenue of approximately 1.14 billion yuan for 2025, representing an increase of about 175.4 million yuan or 18% year-on-year from 964.6 million yuan in the previous year [2] - The expected net profit attributable to shareholders is around 185 million yuan, which is an increase of approximately 73.7 million yuan or 66% compared to 111.3 million yuan in the previous year [2] - However, the net profit after excluding non-recurring items is projected to be about 55 million yuan, a decrease of approximately 18.1 million yuan or 25% from 73.1 million yuan in the previous year [2] Group 2: Main Business Performance - The company focuses on the "semiconductor energy track" as its core strategic direction, which has become the main driver of revenue growth [3] - Emerging markets have shown remarkable performance, with revenue from sectors such as servers, communications, industrial motors, optical storage, and new energy vehicles growing by approximately 50% year-on-year [3] - The company has launched significant innovative products, including high-integration mixed-signal chips for secondary power supplies in communications and various integrated driver chips for new energy applications, entering mass production [3] - In 2025, the company plans to introduce 12 core new products aimed at AI computing energy, completing a full-link layout from primary to tertiary power supplies for servers [3] Group 3: R&D and Non-Operating Income - The company has increased its R&D investment to accelerate technology platform iteration, upgrading from the third-generation "smart MOS ultra-high voltage dual-chip integration platform" to the fourth-generation "new smart power chip technology platform" [4] - The company has expanded its technical development teams and experimental investments, particularly in digital design and high-current device design, to enhance product development capabilities in key server sectors [4] - In September 2025, the company sold 1.67% of its subsidiary ChipLink Yuezhou through a "90% shares + 10% cash" method, which not only increased the company's fair value change gains but also strengthened strategic cooperation with upstream supplier ChipLink Integration [4]