在中国半导体产业深度变革、国产替代持续推进的时代背景下，作为一家专注于高性能模拟及数模混合 集成电路设计的企业，必易微始终坚信——唯有长期主义，方能穿越周期。过去几年，公司始终保持战 略定力，沉下心来夯实技术基础，坚持技术创新与产品打磨并重，在模拟及数模混合芯片这一技术壁垒 高、研发周期长的赛道上持续深耕。 必易微从未停止追求卓越的脚步，也从不回避挑战。我们始终坚信，"中国芯"的价值不仅在于"替代"， 更在于"引领"。这是一条需要长期投入、持续突破的道路，但必易微愿意坚定前行，不负时代、不负行 业、不负客户。未来，公司将以更加饱满的热情与坚定的信念，朝着成为全球卓越的芯片设计企业的目 标持续奋进。 （文章来源：证券时报） 必易微以电源管理芯片起步，经过多年持续投入与能力拓展，现已形成以五大产品线协同发展的业务布 局，构建电源管理、电机驱动、电池管理"三电"核心竞争力，并深度融合感知与控制技术，为能源与电 力、家居家电、工业自动化、智能物联四大应用领域客户，提供高质量、高可靠性的一站式芯片解决方 案与系统集成服务。 值得一提的是，在今年12月举办的"第四届电源行业配套品牌颁奖晚会"上，必易微第三次荣膺"国产模 ...

Core Viewpoint - Anlu Technology is facing significant growth pressure in 2024, with both revenue and net profit declining amid a challenging market environment [1][2]. Revenue and Profit Summary - In 2024, Anlu Technology reported a revenue of 651,816,946.01 yuan, a decrease of 6.99% compared to 7.01 billion yuan in the previous year [2]. - The net profit attributable to shareholders was -205,141,813.17 yuan, worsening from -197,187,674.35 yuan in the previous year [1][3]. Business Segment Performance - The integrated circuit sector generated revenue of 647,171,795.37 yuan, down 7.49% year-on-year [2]. - FPGA product revenue was 579,357,688.98 yuan, a decline of 6.65%, while FPSoC product revenue decreased by 3.91% to 42,762,525.31 yuan [2]. R&D Investment and Financials - R&D expenses totaled 36,353.67 million yuan, accounting for 55.77% of revenue, indicating a strong commitment to innovation despite financial losses [3][6]. - Operating costs were 427,701,240.91 yuan, showing a slight decrease of 0.99%, but still exerting pressure on profit margins [3]. Cost Control and Financial Management - Sales expenses increased by 3.00% to 26,534,494.35 yuan, while management expenses decreased by 13.95% to 50,187,672.12 yuan, reflecting effective cost control [5]. - Financial expenses saw a significant reduction of 165.94%, dropping to -1,950,531.62 yuan due to the repayment of short-term loans [5]. Cash Flow and Investment Activities - The net cash flow from operating activities improved to -61,935,321.58 yuan, compared to -193,347,034.25 yuan in the previous year, attributed to better supply chain management [9]. - Investment activities resulted in a net cash outflow of -67,902,477.86 yuan, a decline of 139.98% year-on-year, indicating a strategic shift towards cash management products [10]. Future Opportunities and Challenges - Anlu Technology is focusing on innovation in the FPGA and FPSoC sectors, with ongoing R&D efforts expected to yield competitive products [13]. - The company is also expanding its market presence across various sectors, including industrial and automotive electronics, which may provide new revenue streams [13].