KINGSEMI(SH:688037) Ge Long Hui·2026-02-27 11:40Core Viewpoint - The company reported a total operating revenue of 1.948 billion yuan for the fiscal year 2025, reflecting an 11.11% year-on-year growth, but experienced a significant decline in profit metrics, indicating potential challenges in profitability despite revenue growth [1] Revenue Performance - The company achieved total operating revenue of 1.948 billion yuan, which is an increase of 11.11% compared to the previous year [1] - The revenue from the front-end wafer processing sector continued to grow, with specific advancements in the photoresist coating and developing areas [1] Profitability Metrics - The total profit amounted to 64.41 million yuan, showing a decline of 71.38% year-on-year [1] - The net profit attributable to the parent company was 71.69 million yuan, down 64.65% from the previous year [1] - The net profit after deducting non-recurring gains and losses was -18.10 million yuan, representing a 124.69% year-on-year decrease [1] Product Development and Market Position - The company maintained its leading position in the domestic market for physical cleaning machines, receiving repeat orders from storage customers [1] - The introduction of strategic new products, such as the front-end chemical cleaning machine, has been successful, with rapid growth in signed revenue [1] - Revenue from advanced packaging and small-size product sectors remained stable year-on-year, with a focus on emerging fields like 2.5D and HBM [1] Future Outlook - The company plans to continue developing around Chiplet technology and new processes, expanding its product matrix and launching new categories [1] - There is an emphasis on accelerating the introduction of products to overseas markets while reinforcing its leading position in the advanced packaging sector [1]