申请入围"中国IC独角兽" 半导体高质量发展创新成果征集 5月18日，通富微电（002156）公告称，第二大股东国家集成电路产业投资基金（简称"大基金"）计划 在6月11日至9月8日期间，通过集中竞价或大宗交易减持不超过3793.99万股，占总股本2.5%，按最新股 价估算套现规模或超9.5亿元。这是大基金自2024年第四季度以来第三次减持，持股比例将从8.77%进一 步降至6%左右，减持原因为"自身经营管理需要"。 公告发布后， 股吧讨论热度飙升，投资者形成两大阵营。 乐观派 ：投资者注意到此次减持比例低于此前预期的3%，且大基金仍保留6%持股，并非清仓式退出， 叠加公司近期完成对京隆科技26%股权收购（强化测试环节布局），部分资金认为这是产业资本的正常 周期退出， 不影响公司与AMD等核心客户的合作稳定性 ——通富微电2023年先进封装产量占中国市场 22.25%，深度绑定AMD（订单占比超80%），在Chiplet、HBM封装等前沿领域技术储备扎实。 谨慎派 ：作为行业"风向标"的大基金连续减持，难免引发对板块情绪的担忧： 近期半导体板块已有26 家公司发布减持公告，形成"减持潮"效应 ，而通富微电一季 ...

Core Viewpoint - The company has demonstrated resilience and potential for growth despite facing challenges in the semiconductor industry, successfully turning a profit in Q1 2025 after a difficult 2024 [1][5]. Group 1: Industry Challenges and Company Response - The semiconductor industry is experiencing cyclical fluctuations and market adjustments, leading to a challenging development environment for companies [1]. - In 2024, the global power semiconductor industry faced pressures from regional restructuring, weak end-market demand, and industry cycle adjustments, impacting the company's operations [2]. Group 2: Technological Advancements - The company has maintained a strong focus on technological innovation, with R&D expenses reaching 110 million yuan, accounting for 8.24% of revenue in 2024 [2]. - The company holds a total of 133 patents, including 43 invention patents, 83 utility model patents, and 7 design patents, reflecting its strong technical foundation [2]. - Significant progress has been made in core product development, including the successful development and mass production of 1000V/1200V M7U chips and the first 1200V 40mohm SiC MOSFET chip [2]. Group 3: Market Expansion - The company is actively expanding its market presence, with automotive-grade chips entering advanced electric vehicle platforms domestically and establishing partnerships with major industrial players like Hitachi Energy and Siemens internationally [3]. Group 4: Financial Performance - In Q1 2025, the company reported revenue of 297 million yuan, a year-on-year increase of 20.70%, and a net profit of 1.08 million yuan, marking a successful turnaround [4]. - The revenue growth is attributed to increased market demand and an expanding market share across various product lines, particularly in modules for new energy vehicles and industrial control [4]. - The improvement in net profit is a key indicator of the company's enhanced operational status, driven by cost control, product pricing strategies, and market expansion efforts [4]. Group 5: Future Outlook - Following the low point in 2024, the company is positioned for long-term stable growth, particularly in emerging sectors such as new energy vehicles, energy storage, data centers, and humanoid robots, as the semiconductor industry gradually recovers [5].