作为国产高性能CIS领导者之一的豪威集团（603501.SH），最近在资本市场上的动作颇有些让人眼花缭乱。先是6月下旬，豪威集团弃用了为A股市场投资 者所熟知的公司名称及证券简称"韦尔股份"，并更名为豪威集团；紧接着，这家A股市值高达1500亿的芯片巨头又将目光投向了东南方向的香港，马不停蹄 向港交所主板递交了上市申请。 回溯豪威集团的历史，该公司成立于2007年，经过多年发展，其已成为全球前十大Fabless半导体公司之一。在此之间的2017年及2023年，豪威集团分别于上 交所及瑞士证券交易所上市。作为资本市场里的"老玩家"，此番豪威集团官宣冲刺港股，背后深意何在？站在当前时点展望未来，若其后续成功在港上市， 港股芯片股又会否能迎来新一轮的价值重估？ 产品多元化布局夯实龙头地位？ 收入指标强势挑战新高的过程中，豪威集团的盈利状况亦取得了大幅优化。22-24年，公司的毛利分别为47.41亿元、41.84亿元、72.39亿元，对应毛利率 23.7%、19.9%、28.2%；同期，公司的净利率分别为4.7%、2.6%、12.8%。于2024年，豪威集团的利润率水平同样为近年来最高水平。 培育关键技术制胜新周期？ ...

Core Viewpoint - Weir Shares (韦尔股份) has experienced significant growth in its financial performance, driven by the recovery in consumer electronics demand and strategic investments in research and development [1][2]. Financial Performance - In 2024, Weir Shares reported a revenue of 25.731 billion yuan, representing a year-on-year increase of 22.41% [2]. - The net profit attributable to shareholders reached 3.323 billion yuan, marking a substantial growth of 498.11% [2]. - The net profit excluding non-recurring items was 3.057 billion yuan, showing an impressive increase of 2114.72% [2]. Business Segments - The main business revenue for Weir Shares in 2024 was 25.670 billion yuan, up 22.43% from 2023 [2]. - Semiconductor design business sales amounted to 21.64 billion yuan, accounting for 84.30% of the main business revenue, with a growth of 20.62% [2]. - Semiconductor agency sales generated 3.939 billion yuan, representing 15.34% of the main business revenue, with an increase of 32.62% [2]. Research and Development - Weir Shares has consistently increased its R&D investment, with total R&D expenses from 2020 to 2024 amounting to 11.189 billion yuan [4]. - The R&D expenses for the years were 1.727 billion yuan (2020), 2.110 billion yuan (2021), 2.496 billion yuan (2022), 2.234 billion yuan (2023), and 2.622 billion yuan (2024) [4]. - The company holds 4,865 authorized patents, including 4,659 invention patents, indicating a strong focus on innovation [4]. Shareholder Returns - In 2024, Weir Shares initiated a share buyback of 1 billion yuan and proposed a cash dividend of 264 million yuan, totaling a return of 1.504 billion yuan to shareholders, which is 45.25% of the net profit attributable to shareholders [3]. Strategic Initiatives - The company aims to leverage mergers and acquisitions to expand its market reach and diversify its product portfolio [5].