脉冲功率开关等功率半导体器件及组件

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台基股份:主营功率半导体器件的研发、制造、销售及服务
Zheng Quan Ri Bao Zhi Sheng· 2025-08-13 11:15
证券日报网讯 台基股份8月13日在互动平台回答投资者提问时表示,公司主营功率半导体器件的研发、 制造、销售及服务,主要产品为大功率晶闸管、整流管、IGBT、电力半导体模块、脉冲功率开关等功 率半导体器件及组件。 (编辑 王雪儿) ...
台基股份(300046):25Q1归母同比扭亏为盈,高端市场收入占比稳步提升
Great Wall Securities· 2025-06-30 11:37
Investment Rating - The report assigns an "Accumulate" rating for the company [4]. Core Views - The company has achieved a turnaround in net profit for Q1 2025, with a significant increase in high-end market revenue share [1][2]. - The semiconductor market in China is experiencing accelerated domestic substitution, reducing reliance on imports and creating growth opportunities for local companies [3]. - The company is focusing on high-value applications, with a notable increase in sales of digital energy devices and significant orders in specialized power supply sectors [8][9]. Financial Summary - For 2024, the company is projected to achieve revenue of 354 million yuan, a year-on-year increase of 10.76%, while net profit is expected to decline by 18.77% to 25 million yuan [1]. - The company's revenue is expected to grow steadily from 320 million yuan in 2023 to 537 million yuan by 2027, with a compound annual growth rate (CAGR) of approximately 12.3% [1]. - The gross margin for 2024 is projected at 29.45%, an increase of 6.26 percentage points year-on-year, indicating improved profitability [2]. Market Position and Competitive Advantage - The company ranks among the top domestic players in the high-power semiconductor device sector, with strong production capacity and quality advantages [3]. - The company maintains long-term stable partnerships with leading enterprises in various electrical systems and industrial control equipment sectors, enhancing its market presence [3][8]. - The focus on high-end clients and applications has led to a significant increase in revenue from high-value power semiconductor devices [8].