中微半导2025年业绩预增超100%，IPM产线项目落地资阳

Core Viewpoint - The company, Zhongwei Semiconductor (688380), is expected to see significant profit growth in 2025, driven by new product launches and investment returns, while also advancing its H-share listing and new production line projects [1][2]. Financial Performance - The company anticipates achieving approximately 1.122 billion yuan in revenue for 2025, representing a year-on-year growth of about 23.07% [2]. - The net profit attributable to the parent company is projected to be around 284 million yuan, reflecting a substantial year-on-year increase of approximately 107.55% [2]. Project Development - The company plans to invest 100 million yuan in establishing an IPM production line in Ziyang, Sichuan, through its wholly-owned subsidiary, aiming to expand its smart power module business [3]. - The board has approved the completion of the IPO fundraising project, reallocating surplus funds to the new IPM production line project [3]. Institutional Research - The company has engaged with various institutions, including Zhongyou Securities and Huashang Fund, discussing topics such as price increases of 15%-50% for MCU and NOR Flash products, inventory optimization to within six months of sales, and the progress of the H-share listing [4]. - The company revealed that the automotive-grade MCU shipment volume is expected to reach 17-18 million units by 2025, with an upcoming AI chip project nearing tape-out [5]. Company Status - The H-share listing plan is progressing smoothly, with responses to regulatory inquiries already submitted [5]. - Some shareholders may consider reducing their stakes through methods like inquiry transfers, although the chairman, Yang Yong, currently has no plans to sell shares [5].