2025年，公司所处的功率半导体行业景气度回升。全球智算投资持续加码，芯片功耗攀升与机柜密度跃 增驱动供电升级，新能源发电、工业控制、AI服务器电源等领域对新型电力电子装置的需求加速迭 代。公司把握市场机遇，持续丰富IGBT、MOSFET、FRD及SiC、GaN产品组合，扩大业务外延，丰富 客户结构，根据客户需求提供定制化的功率器件解决方案，带动了整体盈利能力提升。 格隆汇2月27日丨宏微科技（维权）(688711.SH)公布2025年年度业绩快报，报告期内，公司实现营业收 入13.46亿元，较上年同期增长1.13%；归属于母公司所有者的净利润1,743.30万元，较上年同期增长 220.50%；归属于母公司所有者的扣除非经常性损益的净利润913.52万元，较上年同期增长126.88%。 ...

（记者 曾健辉） 每经头条（nbdtoutiao）——核电建设热潮下，设备厂忙到"飞起"！订单已排至2028年，员工三班倒， 产线24小时不停 每经AI快讯，宏微科技1月30日晚间发布业绩预告，预计2025年年度实现归属于母公司所有者的净利润 为1400万元~2100万元，较上年同期相比，将实现扭亏为盈，预计较上年同期增加2846.73万元~3546.73 万元，同比增加196.77%~245.15%。业绩变动主要原因是，主营业务的影响。2025年，公司所处的功率 半导体行业景气度回升。全球智算投资持续加码，芯片功耗攀升与机柜密度跃增驱动供电升级，新能源 发电、工业控制、AI服务器电源等领域对新型电力电子装置的需求加速迭代。公司把握市场机遇，持 续丰富IGBT、MOSFET、FRD及SiC、GaN产品组合，扩大业务外延，丰富客户结构，根据客户需求提 供定制化的功率器件解决方案，带动了整体盈利能力提升。 ...

Core Insights - ZTE Corporation reported a revenue of approximately 71.55 billion yuan for the first half of 2025, representing a year-on-year growth of 14.51% [1] - The net profit attributable to shareholders decreased to about 5.06 billion yuan, down 11.77% year-on-year, with basic earnings per share at 1.06 yuan [1] Domestic Market Performance - The domestic market revenue reached approximately 50.62 billion yuan, growing by 17.55% year-on-year, accounting for 70.74% of total revenue [1] - The gross margin was 33.69%, a decline of 8.74 percentage points year-on-year [1] - The company is focusing on deepening its presence in wireless and wired products while expanding into smart data center projects and future technology directions like 10G access [1] International Market Performance - The international market revenue was approximately 20.94 billion yuan, with a year-on-year increase of 7.77%, making up 29.26% of total revenue [2] - The gross margin for international operations was 29.45%, down 6.57 percentage points year-on-year [2] - The company is leveraging opportunities in the Asia-Pacific region, Africa, and Latin America, focusing on key operators and infrastructure modernization [2] Business Segments - For operator clients, ZTE is maintaining its strategy focused on major operators and enhancing its market position through key product offerings [2] - In the enterprise sector, the company is capitalizing on the overseas expansion of Chinese enterprises and the acceleration of data center and server infrastructure construction in major countries [2] - Consumer business saw a robust growth in revenue, driven by the success of the dual-brand strategy and innovative products like the cloud PAD, which sold over 1 million units in the first half of the year [1][2]

Financial Performance - The company reported a revenue of approximately 71.55 billion yuan for the first half of 2025, representing a year-on-year increase of 14.51% [1] - The net profit attributable to shareholders was approximately 5.06 billion yuan, a decrease of 11.77% year-on-year [1] - The basic earnings per share were 1.06 yuan [1] Market Segments - In the domestic market, revenue was approximately 50.62 billion yuan, with a year-on-year growth of 17.55%, accounting for 70.74% of total revenue [1] - The gross margin in the domestic market was 33.69%, down by 8.74 percentage points year-on-year [1] - The international market revenue was approximately 20.94 billion yuan, with a year-on-year increase of 7.77%, making up 29.26% of total revenue [2] Business Strategies - The company is focusing on the operator market by deepening its wireless and wired product offerings and optimizing market structure, while also expanding into future technology areas like 10G access [2][3] - In the enterprise market, the company is capitalizing on increased investments from leading domestic internet companies and industry players, resulting in a significant growth in intelligent computing server revenue [2] - The consumer segment saw a stable growth in revenue, driven by the success of the innovative dual-function cloud PAD, which sold over 1 million units in the first half of the year [2] Regional Focus - The company is leveraging opportunities in the Asia-Pacific region, Africa, and Latin America, focusing on network modernization and fiber construction [3] - The company is also expanding its presence in Southeast Asia, Africa, and the Middle East through its dual-brand strategy of "ZTE + Nubia," achieving double-digit growth in mobile product revenue [3]