Investment Rating - The report maintains a "Buy" rating for the company [6][7]. Core Views - The company is firmly investing in GPU research and development, aiming to enter the edge AI chip market. The growth of the domestic ecosystem and the increasing demand for computing power driven by AI technology are expected to accelerate the company's chip business growth [6][10]. - The company reported a significant decline in revenue and net profit for the first half of 2025, with revenue of 193 million yuan, down 44.78% year-on-year, and a net loss of 88 million yuan, down 356.51% year-on-year. The gross margin was 45.03%, a decrease of 7.9 percentage points [2][4]. Financial Performance Summary - In 2025H1, the company achieved revenue of 193 million yuan, a year-on-year decrease of 44.78%. The net profit attributable to the parent company was -88 million yuan, a decrease of 356.51%. The net profit after deducting non-recurring items was -96 million yuan, down 550.44%. The gross margin was 45.03%, down 7.9 percentage points [2][4]. - In Q2 2025, the company reported revenue of 91 million yuan, a year-on-year decrease of 62.42%, with a net profit of -33 million yuan, down 171.70%. The gross margin increased to 59.31%, up 10.8 percentage points [2][4]. Business Development Insights - The company's core business in graphics control is developing steadily, with a solid competitive landscape. The introduction of high-performance intelligent computing modules and products targeting AI training and inference is expected to drive growth in the chip business [6][10]. - The company is making a strategic investment of 220 million yuan in Chengheng Microelectronics to gain control over the company, which specializes in edge AI chip design and development [6][10].

登录新浪财经APP 搜索【信披】查看更多考评等级 2.2亿元控股诚恒微，布局边端侧AI算力领域 此次增资控股诚恒微，无疑是景嘉微在边端侧AI算力领域的关键落子。公司将藉此打造"GPU+边端侧 AI芯片"双轮驱动格局，进而完善AI算力全链条布局。 这笔交易完成后，景嘉微将直接持股33.59%，并通过一致行动协议控制诚恒微64.89%的表决权，成为 诚恒微的控股股东，将其纳入合并报表范围。 资料显示，诚恒微是一家Fabless模式的芯片设计公司，聚焦于边端侧算力引擎，覆盖边端侧AI芯片架 构设计、配套软件开发以及行业解决方案赋能，与景嘉微现有的GPU业务形成了强协同。 例如，在技术方面，诚恒微专注研发低功耗、高能效的边端侧AI芯片，刚好可以弥补GPU在终端部署 时高成本、功耗大的短板；应用场景方面，诚恒微能将工业安全检测、物流机器人导航等这些碎片化场 景的边端算力能力有效整合起来，从而拓宽边端侧AI芯片的应用边界。 业内分析指出，2025年随着以DeepSeek为代表的高效、低成本、开源AI模型的崛起，算力开始向边端 侧"下沉"，全球边端侧AI芯片市场预计以30.83%的复合增长率扩张，到2034年市场规模将突破 ...

新京报贝壳财经讯8月18日，景嘉微（300474）公告，公司拟以自有资金2.2亿元参与无锡诚恒微电子有 限公司增资项目，认购目标公司新增注册资本人民币2.2亿元。增资完成后，公司将直接持有目标公司 33.59%的股权，并通过一致行动关系，合计取得目标公司64.89%的表决权，成为目标公司的控股股 东。本次投资旨在扩充公司研发深度和广度，进军边端侧AI芯片领域，形成"GPU+边端侧AI芯片"双轮 驱动发展模式。 ...