Core Viewpoint - InnoScience reported significant growth in sales and gross margin for the first half of 2025, marking a turnaround in financial performance compared to the previous year [2][3]. Financial Performance - The company achieved sales revenue of RMB 553.54 million, representing a year-on-year increase of 43.4% [2][3]. - Gross margin improved to 6.8%, a substantial increase of 28.4 percentage points from -21.6% in the same period of 2024 [2][3]. - The net loss for the period was RMB 428.67 million, a decrease from RMB 488.00 million in the previous year [3]. Product Development and Market Position - InnoScience is advancing the adoption of Gallium Nitride (GaN) technology in AI and data centers, with sales in this segment growing by 180% year-on-year [4]. - The company has entered mass production of 100V GaN applications for 48V-12V systems and is now a supplier for NVIDIA's 800V high-voltage direct current solutions [4]. - In the automotive sector, the company reported a 128% year-on-year increase in the delivery of automotive-grade chips, collaborating with leading automotive electronics firms [4]. Strategic Partnerships - InnoScience has established partnerships with several prominent companies, including STMicroelectronics and Midea, to expand GaN applications in various sectors [5]. - The collaboration with Midea focuses on the application of GaN technology in home appliances, with successful mass production of 700V high-voltage GaN products in range hoods [5]. - A joint laboratory has been set up with United Automotive Electronics to develop smaller and lighter power systems for electric vehicles [5].

Core Viewpoint - The company has demonstrated significant growth in sales and profitability, particularly in the GaN module segment, driven by deepened customer collaborations and product iterations. Financial Performance - For the six months ending June 30, 2025, the company achieved sales revenue of RMB 553.4 million, representing a year-on-year increase of 43.4% [1] - Revenue from GaN modules increased from RMB 106.5 million in the same period last year to RMB 236.1 million, a growth of 121.7% [1] - The gross profit margin improved to +6.8%, a substantial increase of 28.4 percentage points compared to -21.6% in the same period of 2024 [1] - Research and development costs rose to RMB 162.3 million, an increase of 11.5% from RMB 145.5 million in the previous year [1] International Expansion - The company has established an international management team and subsidiaries in regions including the US, Europe, Japan, South Korea, and Taiwan to better serve global customers [2] - Overseas business revenue reached RMB 63.7 million, accounting for 11.5% of total revenue, with a year-on-year growth of 57.8% [2] Strategic Partnerships - The company has formed strategic collaborations with major firms such as STMicroelectronics, Midea, and NVIDIA to expand the application of GaN technology in various sectors [3] - A joint laboratory was established with United Automotive Electronics to develop compact and lightweight power systems for electric vehicles [3] - The partnership with NVIDIA aims to promote the large-scale implementation of 800V DC power architecture in AI data centers [3] Capacity and Technology Development - The company plans to expand its production capacity to 20,000 wafers per month, enhancing utilization and manufacturing yield [4] - The company will continue to optimize its 3.0 generation process technology platform and other product platforms to provide cost-effective GaN products [4] - Future strategies include deepening collaborations with leading semiconductor companies to implement energy transformation solutions and expand global market presence [4]

Group 1 - The company InnoScience has established a strategic partnership with Guangdong Welling Electric Co., Ltd. (Midea Welling) to achieve breakthroughs in the home appliance motor drive sector [1] - Both parties will invest resources to focus on the application of Gallium Nitride (GaN) in household air conditioning motors, driving innovation and the development of new GaN products and solutions [1] - The product being mass-produced in collaboration with Midea Welling is InnoScience's Gen3.0 high-voltage 700V half-bridge GaN chip [1] Group 2 - InnoScience's 700V high-voltage GaN products have already been successfully mass-produced in Midea's range hood sector [1]

英诺赛科： 与美的电器达成合作 4月29日， 英诺赛科发布公告，宣布与 美的厨房及热水器事业部 达成战略合作， 成功在家电领域实现突破。 插播： 英诺赛科、能华半导体、致能半导体、京东方华灿光电、镓奥科技、 鸿成半导体、中科无 线半导体等已确认参编《2024-2025氮化镓（GaN）产业调研白皮书》，参编咨询请联系许若冰 （hangjiashuo999）。 近期，两家国产GaN厂商接连突破技术应用边界——英诺赛科与美的达成战略合作深化家电领域布局，氮矽科 技则以高频芯片切入美容仪市场，标志着GaN技术正加速向多元化民用场景渗透，推动消费电子与家电产业 效 能升级。 公告称， 本战略合作备忘录的订立是基于双方共同的商业利益和对未来市场机遇的充分认识。结合英诺赛科在 氮化镓领域和美的在家电、电机驱动等下游应用领域的优势，达成长期战略合作，双方共同投入资源，聚焦氮 化镓在家电等领域应用拓展，开展创新研发，推动氮化镓新产品和方案在 家电、厨电 等应用领域落地，引领 家电行业的技术升级及迭代。 目前，英诺赛科700V高压氮化镓产品已成功于 美的抽油烟机实现量产 ，未来将进一步应用到美的 空调、冰 箱、洗衣机及净饮机 等 ...