7月14日，立昂微发布2025年半年度业绩预告称，公司预计实现营业收入约16.66亿元，较上年同期增长 14.20%，主营业务收入约16.52亿元，同比增长14.14%。尽管营收保持增长态势，但公司净利润表现不 佳，预计归属于上市公司股东的净利润为-1.21亿元左右，同比增亏80.98%；扣除非经常性损益后的净 利润为-1.20亿元左右，同比增亏188.52%。 对于业绩亏损扩大的原因，公司给出了三点解释：首先，随着扩产项目陆续转产，报告期内折旧摊销成 本同比增加约7370万元；其次，基于谨慎性原则，本报告期计提了约9600万元的存货跌价准备；第三， 2024年12月子公司金瑞泓微电子收购联营企业嘉兴康晶合伙企业53.32%财产份额导致利润减少约1786 万元。此外，公司持有的上市公司股票价格变动产生的公允价值变动损失同比减少约2435万元，这一非 经常性损益的改善部分缓解了业绩压力。 业内人士分析指出，立昂微当前正处于产能扩张的关键阶段，虽然短期面临折旧成本增加、存货减值等 压力，但12英寸硅片等高端产品的快速放量为未来发展奠定了良好基础。随着半导体行业逐步回暖，公 司产品结构持续优化，未来盈利能力有望得到 ...

Core Viewpoint - The company, Hangzhou Lian Microelectronics Co., Ltd., anticipates a significant net loss for the first half of 2025, with projected revenues showing a modest increase compared to the previous year [1][3]. Financial Performance Summary - The company expects to achieve approximately 1,666 million yuan in revenue for the first half of 2025, representing a year-on-year growth of about 14.20% [1]. - The projected net loss attributable to shareholders is around -121 million yuan, indicating an increase in losses of approximately 80.98% year-on-year [1]. - The net profit after deducting non-recurring losses is expected to be -120 million yuan, which reflects a year-on-year increase in losses of about 188.52% [1]. Sales and Production Data - The company reported a total sales volume of 9.2786 million 6-inch equivalent semiconductor wafers, marking a year-on-year increase of 38.72% and a quarter-on-quarter increase of 9.95% [2]. - The sales volume of 12-inch wafers was 811,500 units, equivalent to 3.2459 million 6-inch wafers, showing a year-on-year growth of 99.14% and a quarter-on-quarter growth of 16.68% [2]. - Sales of semiconductor power device chips reached 942,000 units, reflecting a year-on-year increase of 4.48% and a quarter-on-quarter increase of 2.12% [2]. - The sales volume of compound semiconductor RF chips decreased to 13,700 units, a decline of 22.36% year-on-year and 38.69% quarter-on-quarter, attributed to a strategic shift in product sales [2]. Cost and Loss Analysis - The primary reasons for the expected decline in net profit include increased depreciation and amortization costs of approximately 73.7 million yuan due to ongoing expansion projects, and a provision for inventory impairment of about 96 million yuan [3]. - Non-operating losses attributable to shareholders decreased by approximately 24.35 million yuan, mainly due to reduced fair value losses from stock price fluctuations [3].