南财智讯1月29日电，通富微电在投资者关系活动中表示，公司2025年度预计归属于上市公司股东的净 利润为110,000万元-135,000万元，预计同比增长62.34%-99.24%；预计扣除非经常性损益后的净利润为 77,000万元-97,000万元，预计同比增长23.98%-56.18%，主要系全球半导体行业结构性增长、公司产能 利用率提升、中高端产品营收明显增加，以及加强经营管理与成本费用管控、产业投资取得较好收益所 致。 ...

格隆汇1月20日｜通富微电(002156.SZ)发布2025年度业绩预告，预计归属于上市公司股东的净利润11亿 元-13.5亿元，比上年同期增长62.34%-99.24%。2025年内，全球半导体行业呈现结构性增长，公司积极 进取，产能利用率提升，营业收入增幅上升，特别是中高端产品营业收入明显增加。同时，得益于加强 经营管理及成本费用的管控，公司整体效益显着提升。此外，公司准确把握产业发展趋势，围绕供应链 及上下游布局产业投资，取得了较好的投资收益，增厚了公司2025年业绩。 ...

Investment Rating - The report maintains a "Buy" rating for Tongfu Microelectronics with a target price of 41.68 RMB [4][6]. Core Insights - Tongfu Microelectronics reported a revenue of 13.038 billion RMB for 1H25, representing a year-over-year increase of 17.67%. The net profit attributable to shareholders was 412 million RMB, up 27.72% year-over-year [1][6]. - In Q2, the company achieved a revenue of 6.946 billion RMB, reflecting a year-over-year growth of 19.80% and a quarter-over-quarter increase of 14.01%. The gross margin was 16.12%, with a year-over-year increase of 0.12 percentage points [1][6]. - The growth in performance is attributed to structural growth in the global semiconductor industry and improved capacity utilization, particularly in mid-to-high-end product revenue [1][2]. Summary by Sections 1H25 Review - The significant growth in revenue was driven by major client AMD, with notable increases in demand for AMD's latest "Zen 5" architecture and gaming products. Client and gaming business revenues grew by 67.5% and 73.2% year-over-year, respectively [2]. - Tongfu Microelectronics completed the acquisition of a 26% stake in Jinglong Technology, which is expected to enhance its competitive edge in high-end integrated circuit testing and contribute to future revenue growth [2]. 2H25 Outlook - The company is focused on expanding capacity and technological advancements, with large-size FCBGA entering mass production and breakthroughs in CPO technology. These developments are anticipated to open new growth avenues [3]. - The Power DFN-clip source down dual-sided cooling product has been developed to meet high current, low power, and high reliability requirements, with mass production already achieved [3]. Financial Projections - The report forecasts a net profit of 1.12 billion RMB for 2025, with upward revisions for 2026 and 2027 net profit estimates to 1.416 billion RMB and 1.717 billion RMB, respectively [4][9]. - The expected EPS for 2025, 2026, and 2027 is projected at 0.74 RMB, 0.93 RMB, and 1.13 RMB, respectively [4][9].