KINGSEMI(SH:688037) Ge Long Hui A P P·2026-02-27 11:45Core Viewpoint - The company reported a total operating revenue of 1.948 billion yuan for the fiscal year 2025, reflecting a year-on-year growth of 11.11%, but experienced a significant decline in profit metrics, indicating potential challenges in profitability despite revenue growth [1] Financial Performance - Total operating revenue reached 1.948 billion yuan, up 11.11% year-on-year [1] - Total profit amounted to 64.41 million yuan, down 71.38% year-on-year [1] - Net profit attributable to shareholders was 71.69 million yuan, a decrease of 64.65% year-on-year [1] - Net profit excluding non-recurring gains and losses was -18.10 million yuan, a decline of 124.69% year-on-year [1] Product Performance - Revenue from the front-end wafer processing segment continued to grow, with advancements in photoresist coating and development of high-end processes [1] - The company maintained its leading position in the domestic market for physical cleaning machines, receiving repeat orders from storage clients [1] - New strategic products, such as the front-end chemical cleaning machine, saw successful client introductions and rapid revenue growth [1] Market Position and Strategy - Revenue from back-end advanced packaging and small-size product segments remained stable year-on-year [1] - The company is deeply integrated with key domestic and international clients, focusing on emerging fields like 2.5D and HBM [1] - Future strategies include expanding the product matrix around Chiplet technology and accelerating market entry into overseas markets to strengthen its leading position in advanced packaging [1]