Financial Performance - Revenue for Q1 2025 was $2,247 million, up 1.8% QoQ from $2,207 million in 4Q24 and up 28.4% YoY from $1,750 million in 1Q24[5,11] - Gross margin was 22.5% in 1Q25, compared to 22.6% in 4Q24 and 13.7% in 1Q24[6,12] - Profit from operations was $310 million in 1Q25, compared to $214 million in 4Q24 and $2 million in 1Q24[7,13] - Profit attributable to SMIC was $188 million in 1Q25, compared to $108 million in 4Q24 and $72 million in 1Q24[8,14] - EBITDA was $1,292 million in 1Q25, compared to $1,280 million in 4Q24 and $887 million in 1Q24[9,15] Capital Structure - Total cash on hand was $12,702.47 million as of March 31, 2025[19] - Total debt was $11,255.25 million as of March 31, 2025[19] - Net debt was $(1,447.22) million as of March 31, 2025[19] - Debt to equity ratio was 34.9% as of March 31, 2025[19] Cash Flow - Net cash used in operating activities was $(160.42) million for the three months ended March 31, 2025[22] Guidance - Revenue for 2Q 2025 is guided to decrease by 4% to 6% QoQ[41] - Gross margin for 2Q 2025 is guided to be between 18% and 20%[41]

Core Viewpoint - The company, Sitwei, has shown significant recovery and growth in its financial performance, achieving substantial increases in both revenue and net profit in 2024 and the first quarter of 2025 [1][3]. Financial Performance - In 2024, Sitwei reported a revenue of 5.968 billion yuan, representing a year-on-year increase of 108.87%, and a net profit of 393 million yuan, up 2662.76% [3]. - For the first quarter of 2025, the company achieved a revenue of 1.75 billion yuan, a growth of 108.94%, and a net profit of 191 million yuan, increasing by 1264.97% [3]. - The company experienced a turnaround from losses in 2022 to profitability in 2023, with a revenue of 2.857 billion yuan, a 15.08% increase, and a net profit of 14.22 million yuan [3]. Market Position and Product Performance - Sitwei has solidified its market position, leading the global security CIS market from 2020 to 2023, and ranking fourth in the global automotive CIS market and fifth in the global mobile phone CIS market in 2024 [1][5]. - The company’s revenue from the smartphone sector reached 3.291 billion yuan in 2024, accounting for approximately 55.15% of total revenue, with high-end products driving significant growth [6]. - In the smart security sector, revenue was 2.15 billion yuan, making up about 36.03% of total revenue, with a year-on-year growth of 28.64% [6]. - The automotive electronics sector generated 527 million yuan in revenue, representing 8.83% of total revenue, with a growth rate of 79.09% [6]. Domestic Market Focus - Sitwei has been focusing on the domestic market, with domestic sales revenue reaching 4.008 billion yuan in 2024, increasing its share to 67.16% [2][6]. Research and Development - The company invested 447 million yuan in R&D in 2024, a year-on-year increase of 56.35%, and holds a total of 464 authorized patents [6].

f 创板公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等特点， 投资者面临较大的市场风险。投资者应充分了解科创板市场的投资风险及本 公司所披露的风险因素，审慎作出投资决定。 序。本招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投 资者应当以正式公告的招股说明书全文作为作出投资决定的依据。 联席保荐机构（主承销商） 华虹半导体有限公司 HUA HONG SEMICONDUCTOR LIMITED （香港中环夏悫道 12 号美国银行中心 2212 室） 首次公开发行人民币普通股（A 股）股票 并在科创板上市招股说明书 （注册稿） 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 中国（上海）自由贸易试验区商城路 618 号 上海市广东路 689 号 本公司的发行上市申请尚需经上海证券交易所和中国证监会履行相应程 本次股票发行后拟在科创板市场上市，该市场具有较高的投资风险。科 华虹半导体有限公 ...

首次公开发行人民币普通股（A 股）股票 并在科创板上市招股说明书 （上会稿） 本公司的发行上市申请尚需经上海证券交易所和中国证监会履行相应程 序。本招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投 资者应当以正式公告的招股说明书全文作为作出投资决定的依据。 创板公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等特点， 投资者面临较大的市场风险。投资者应充分了解科创板市场的投资风险及本 公司所披露的风险因素，审慎作出投资决定。 华虹半导体有限公司 HUA HONG SEMICONDUCTOR LIMITED （香港中环夏悫道 12 号美国银行中心 2212 室） 联席保荐机构（主承销商） 中国（上海）自由贸易试验区商城路 618 号 上海市广东路 689 号 f 本次股票发行后拟在科创板市场上市，该市场具有较高的投资风险。科 华虹半导体有限公司 招股说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属 ...

本次股票发行后拟在科创板市场上市，该市场具有较高的投资风险。科创板公司具有研发投入 大、经营风险高、业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充 分了解科创板市场的投资风险及公司所披露的风险因素，审慎作出投资决定。 龙迅半导体（合肥）股份有限公司 Lontium Semiconductor Corporation （住所：安徽省合肥市经济技术开发区宿松路 3963 号智能装备科技园 B3 栋） 首次公开发行股票并在科创板上市 招股意向书 保荐机构（主承销商） （住所：北京市朝阳区建国门外大街1号国贸大厦2座27层及28层） 龙迅半导体（合肥）股份有限公司 招股意向书 发行人声明 中国证监会、上海证券交易所对本次发行所作的任何决定或意见均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈 利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反的声明均 属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发行人自 行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担股票依法发 行后因发行人经营 ...