NSIG(SH:688126) Zheng Quan Shi Bao Wang·2026-01-14 11:21Core Viewpoint - The company, Hu Silicon Industry, anticipates a significant loss in net profit for the fiscal year 2025, projecting a loss between -1.53 billion to -1.28 billion yuan, which represents an increase in losses compared to the previous year [1] Industry Overview - The global semiconductor market is expected to reach a size of 772 billion dollars in 2025, reflecting a growth of 22.5% year-on-year, driven primarily by AI applications and data center infrastructure demand, while consumer electronics and industrial electronics remain weak [1] - In the silicon wafer sector, global semiconductor silicon wafer shipment area is projected to grow by approximately 5.4% year-on-year in 2025, with 300mm wafers benefiting from advanced processes and AI chip demand, while 200mm and below wafers are expected to decline by about 3% due to weak demand [2] Company Performance - Hu Silicon Industry's sales of 300mm silicon wafers increased by over 25% compared to the same period in 2024, but revenue growth was limited to about 15% due to competitive pricing pressures [2] - The company is currently in a capacity ramp-up phase for its expansion projects, which is affecting short-term profitability but is expected to support long-term sustainable development through investments in high-spec and specialized products [3] - The company has faced challenges with its subsidiaries, Okmetic OY and Shanghai Xin'ao Technology Co., Ltd., which primarily deal with 200mm and below silicon wafers, leading to performance below expectations and potential goodwill impairment [3] Strategic Focus - The company aims to continue focusing on 300mm silicon wafer technology advancements and accelerate the development of high-end silicon-based materials through ongoing projects [4] - The completion of recent financing efforts is expected to inject new momentum into the company's technological breakthroughs, capacity enhancement, and market expansion [4]