8月29日，闻泰科技发布2025年H1业绩报告称，上半年营收为253.41亿元，同比下降24.56%；归属于上市公司股东的净利润为4.74亿元，同比增长 237.36%；扣除非经常性损益后的净利润为3.35亿元，同比扭亏为盈。 其中，半导体业务实现营业收入 78.25 亿元，同比增长 11.23%，业务毛利率37.89%，实现净利润 12.61 亿元，同比增长 17.05%。第二季度收入与利 润环比实现增长，第一季度和第二季度分别实现营业收入为 37.11 亿元、41.14 亿元，净利润分别为 5.78 亿元、6.83 亿元。 财报披露，公司在各个细分领域均处于全球领先，其中小信号二极管和晶体管出货量全球第一、逻辑IC 全球第二、ESD 保护器件全球第一、小信 号 MOSFET 全球排名第一、车规级Power MOS全球排名第二。 截至上半年末，闻泰科技总资产为660.26亿元，同比下降11.94%；归属于上市公司股东的净资产为326.43亿元，同比增长0.8%。 | | | | 中山: 九 川T: 八川村 | | --- | --- | --- | --- | | 主要会计数据 | 本报告期 | 上年同期 ...

Core Viewpoint - ChipLink Integration (688469.SH) is progressing with a significant acquisition of 72.33% equity in ChipLink Yuezhou, aiming to enhance its operational capacity and market position in the semiconductor industry [1][3]. Group 1: Acquisition Details - The acquisition involves issuing shares and cash to purchase 72.33% equity from 15 parties, with a total transaction price of 5.897 billion yuan [1]. - Following the acquisition, ChipLink Yuezhou will become a wholly-owned subsidiary, fully consolidating its shareholder equity into ChipLink Integration [1]. Group 2: Business Operations - ChipLink Yuezhou specializes in wafer foundry services for power devices, while ChipLink Integration is a leading global integrated circuit wafer foundry, with over 50% of its revenue from automotive-grade chips [2]. - ChipLink Yuezhou's SiC MOSFET shipments for automotive applications have ranked first in China for the past two years [2]. Group 3: Financial Performance - ChipLink Yuezhou's revenue surged from 13.7 million yuan in 2022 to 1.56 billion yuan in 2023, marking a growth of 1038% [3]. - ChipLink Integration's revenue has consistently increased from 270 million yuan in 2019 to 6.509 billion yuan in Q1 2025, with an overall growth exceeding 23 times over five years [3]. - Both companies are currently unprofitable, with ChipLink Yuezhou reporting net losses of 700 million yuan in 2022 and 1.116 billion yuan in 2023, while ChipLink Integration's cumulative net losses reached 7.564 billion yuan from 2019 to Q1 2025 [3]. Group 4: Research and Development - ChipLink Integration has invested heavily in R&D, with expenditures of 839 million yuan, 1.529 billion yuan, and 1.842 billion yuan from 2022 to 2024, totaling 4.21 billion yuan over three years [4]. - The R&D expense ratio has remained high at approximately 18.22% to 28.72% during the same period, indicating a strong commitment to innovation despite short-term profitability challenges [4].