（编辑 袁冠琳） 证券日报网讯 紫光国微11月3日发布公告，在公司回答调研者提问时表示，商业航天作为国家战略性领 域，是公司重点关注的方向；在该领域，公司的FPGA、回读刷新芯片、存储器、总线接口等系列产品 正陆续导入，目前进展良好。在低空经济领域，公司已完成市场调研，具备进入该领域的技术与产品储 备，后续将持续关注该领域的发展动态与应用场景。低轨卫星，从价值量角度看，公司希望能做到 10%-20%的水平，至少要达到这个目标。商业航天相关的芯片需求链条比较长，公司希望尽可能多地导 入产品。 ...

Core Insights - The global semiconductor industry is expected to experience a new growth wave in 2025 driven by surging AI computing demand, the rapid penetration of smart vehicles, and the rise of commercial aerospace [1] Financial Performance - In the first half of the year, the company reported revenue of 3.047 billion yuan, a year-on-year increase of 6.07% - The net profit attributable to shareholders was 692 million yuan, a year-on-year decrease of 6.18% - The net profit excluding non-recurring items was 653 million yuan, a year-on-year increase of 4.39% [1] Industry Position and R&D Investment - The company is a major player in the domestic integrated circuit market, focusing on special integrated circuits and smart security chips, while also expanding into quartz crystal frequency devices [2] - R&D investment reached 687 million yuan in the first half of the year, a year-on-year increase of 1.41% - The company obtained 26 invention patents and 6 utility model patents during the reporting period [2] Product Development and Market Expansion - The company has over 800 shelf products in the special integrated circuit business, covering various fields including AI+ visual perception, processors, and storage [3] - The analog chip segment accounts for approximately 40% to 50% of the special integrated circuit business, with a growth rate of about 18% to 20% [3] - The company has made significant breakthroughs in the emerging commercial aerospace market, launching a series of products for space applications [3] Smart Security Chip Business - The company maintains a strong position in the global SIM card chip market, with multiple eSIM solutions commercialized in various countries [4] - The automotive electronics segment has become a highlight, with millions of automotive security chips shipped to major Tier 1 suppliers and OEMs [4] - The launch of the new generation automotive security chip T97-415E supports domestic automotive brands in expanding overseas [4] Future Outlook - The company is well-positioned to benefit from the ongoing growth in the global semiconductor market and the rapid development of the domestic digital economy [4] - The comprehensive layout in special integrated circuits, smart security chips, and quartz crystal frequency devices, along with active expansion into emerging fields like commercial aerospace and automotive electronics, will provide sustained momentum for future growth [4]

Core Insights - The company reported a revenue of 3.047 billion yuan for the first half of 2025, representing a year-on-year growth of 6.07%, while the net profit attributable to shareholders was 692 million yuan, a decline of 6.18% [2] Group 1: Special Integrated Circuits - The company demonstrated strong technical capabilities and market competitiveness in the special integrated circuit sector, optimizing its R&D structure and significantly shortening development cycles [2] - The self-built packaging line was successfully put into production, achieving product quality at an industry-leading level [2] - The company maintained its leading position in FPGA and system-level chip products, with new high-performance products achieving mass delivery [2] - In special memory, the company retained its advantage as the most advanced and comprehensive in the domestic market, with new switch chip products being delivered in bulk [2] - Notably, breakthroughs were made in aerospace applications, with new FPGA and read-refresh chips being adopted by core users [2] Group 2: Intelligent Security Chips - The intelligent security chip business achieved new breakthroughs in product technology and market expansion, maintaining a leading position in the global SIM card chip market [3] - eSIM products were introduced to multiple leading smartphone manufacturers and achieved mass shipments [3] - In the financial IC card sector, the world's first open soft and hardware architecture security chip E450R was piloted in bank cards [3] - Significant progress was made in the automotive electronics sector, with automotive security chip solutions being mass-produced for several leading Tier 1 suppliers and OEMs, with annual shipments reaching millions [3] Group 3: Quartz Crystal Frequency Devices - The quartz crystal frequency device business showed steady growth, benefiting from the recovery of the consumer electronics market and rapid development in network communication and smart automotive sectors [3] - The company successfully developed new products such as the SMD2016 high-frequency differential crystal oscillator, enhancing market competitiveness [3] - Several products met the reliability standards of AEC-Q200/100 in automotive-grade products [3] - The company is actively laying out emerging market fields such as aerospace information, artificial intelligence, and low-altitude economy, with the construction of a production base for ultra-micro quartz crystal resonators progressing smoothly [3] Group 4: R&D Investment and Future Outlook - The company continues to maintain high levels of R&D investment, achieving good progress in RF-SOC and digital signal processor DSP fields [3] - The company plans to deepen technological innovation and seize opportunities for domestic substitution, focusing on the three main business segments of special integrated circuits, intelligent security chips, and quartz crystal frequency devices for future development [3]

Core Viewpoint - Unisoc Microelectronics (002049) reported its 2025 semi-annual results, showing a revenue increase but a decline in net profit [1] Financial Performance - The company achieved an operating revenue of 3.047 billion yuan, representing a year-on-year growth of 6.07% [1] - The net profit attributable to shareholders was 692 million yuan, reflecting a year-on-year decrease of 6.18% [1] - Basic earnings per share stood at 0.82 yuan [1] Product Development - During the reporting period, the company launched several new products in the aerospace application sector, including aerospace FPGA, read-refresh chips, memory, and bus interfaces [1] - The company now offers a complete aerospace system solution, which has progressed well in market promotion [1] - Core users have begun to apply these products in bulk, contributing to sustained operating revenue for the company [1]