1月25日晚间，思特威(688213)披露了2025年度业绩预告，经财务部门初步测算，公司预计2025年度实 现营业收入88亿元到92亿元。与上年同期相比，增幅为47%到54%。预计2025年度实现归属于母公司所 有者的净利润9.76亿元到10.3亿元。与上年同期相比，增幅为149%到162%。 其中，2025年度实现归属于母公司所有者的扣除非经常性损益的净利润预计为9.66亿元到10.2亿元，与 上年同期相比，增幅为147%到161%。如剔除股份支付费用的影响，归属于母公司所有者的扣除非经常 性损益的净利润为10.23亿元到10.77亿元，与上年同期相比，增幅为105%到116%。 思特威表示，报告期内，在智能手机领域，公司与多家客户的合作持续全面加深，产品能够满足更多旗 舰机主摄、辅摄及多光谱摄像头等应用需求，公司创新研发推出的基于LoficHDR 2.0技术的多款主摄高 阶5000万像素产品出货量大幅上升，以及新开发的中高端HS系列多款5000万像素产品量产出货，带动 公司智能手机领域营业收入大幅增长；在汽车电子领域，公司应用于智能辅助驾驶（包括环视、周视和 前视）和舱内等新一代产品的出货量同比大幅上升 ...

Group 1 - The company, Zhizheng Co., stated that its products are currently not applied in the consumer electronics sector for CMOS image sensor chips [2] - In the area of smart application processor (SoC) chips, the company can provide QFN and LQFP framework series products suitable for such chips [2]

Core Viewpoint - The company, Zhizheng Co., Ltd. (603991.SH), has clarified that its products are currently not applied in the consumer electronics sector for CMOS image sensor chips [1] Group 1 - The company offers framework series products suitable for smart application processor (SoC) chips, including QFN and LQFP types [1]

（文/罗叶馨梅）12月4日，格科微（688728.SH）发布公告称，截至公告日，公司3200万及5000万像素图像传感器产品累计出货已超过1亿颗。公司表示，高 像素产品在智能手机等终端市场的渗透率持续提升，出货量稳步放大。当前高像素方案在中高端机型中的采用比例不断提高，带动相关图像传感器需求增 长。 （校对/秋贤） 格科微主要从事CMOS图像传感器芯片的设计与销售，产品广泛应用于智能手机、物联网终端等领域。公司称，高像素产品出货量突破1亿颗，体现出其在 高像素图像传感器领域的规模化供货能力以及Fab-Lite模式的高效性。随着客户机型升级及多摄配置普及，高像素图像传感器在整机影像系统中的重要性持 续增强。 公司表示，将继续在现有技术平台基础上提升高像素产品的成像质量和能效表现，并规划推出1亿像素以上的更高规格产品，以扩大在中高端及旗舰机型中 的市场份额。公司同时提示，终端需求变化、客户项目节奏及竞争格局等因素，仍可能对后续订单执行和出货节奏产生影响，将持续关注下游市场环境并动 态调整产品及客户结构。 据介绍，本次订单产品基于GalaxyCell®2.0工艺平台，在像素性能、动态范围及功耗优化等方面实现显著提升 ...

Group 1 - The stock price of Sitaiwei-W is reported at 97.49 yuan, down by 1.75 yuan from the previous trading day, with a trading volume of 4.90 billion yuan [1] - Sitaiwei-W operates in the semiconductor industry, focusing on the research, design, and sales of CMOS image sensor chips, primarily used in smartphones, smart security monitoring, and automotive electronics [1] - The company expects to achieve a net profit attributable to shareholders of 360 million to 420 million yuan in the first half of the year, representing a year-on-year growth of 140% to 180%, driven by significant increases in the smartphone sector, particularly the shipment of 50 million pixel products [1] Group 2 - On August 11, the net outflow of main funds was 30.6868 million yuan, with a cumulative net outflow of 110 million yuan over the past five days [2]

Core Insights - Kunshan has successfully extended its investment attraction experience to cultivate technology innovation enterprises, becoming a hub for both manufacturing and technology growth [2][3] - The founder of Ruixin Micro, Luo Wenzhe, emphasizes the importance of continuous R&D investment, dedicating over 20% of annual revenue to this effort [5][6] - Ruixin Micro has developed advanced imaging sensor technologies, including MCCD and ECCD, breaking the technological monopoly of countries like Japan and the United States in high-end imaging chips [4][5] Company Development - Ruixin Micro was established in Kunshan after receiving significant support from local government, including a 28 million yuan investment and three years of rent-free office space [3][6] - The company has expanded its team to several hundred members and established branches in major cities like Shanghai and Shenzhen, benefiting from the mature integrated circuit ecosystem in the Yangtze River Delta [6][8] - The firm has achieved a leading market share in solid-state micro-imaging products in China, showcasing its competitive edge in the domestic market [5][6] Technological Innovation - The MCCD technology developed by Ruixin Micro combines the advantages of CMOS and CCD, significantly enhancing image quality and sensitivity [4][5] - The company has been recognized for its technological breakthroughs, winning the 2018 China Patent Award for its advancements in security monitoring technology [4] - Ruixin Micro's products are now applicable in various fields, including consumer electronics, security, medical imaging, and automotive electronics, reaching international advanced levels [4][5] Regional Ecosystem - Kunshan's local government has demonstrated a pragmatic and flexible approach to supporting technology enterprises, which has been crucial for Ruixin Micro's sustained growth [7][8] - The city has shown that it can nurture competitive chip design companies without large-scale wafer fabs, focusing instead on a supportive environment for innovation [7][8] - The collaboration within the Yangtze River Delta region allows Ruixin Micro to efficiently integrate resources and services, enhancing its operational capabilities [6][8]

Core Viewpoint - The company, Sitwei, has shown significant recovery and growth in its financial performance, achieving substantial increases in both revenue and net profit in 2024 and the first quarter of 2025 [1][3]. Financial Performance - In 2024, Sitwei reported a revenue of 5.968 billion yuan, representing a year-on-year increase of 108.87%, and a net profit of 393 million yuan, up 2662.76% [3]. - For the first quarter of 2025, the company achieved a revenue of 1.75 billion yuan, a growth of 108.94%, and a net profit of 191 million yuan, increasing by 1264.97% [3]. - The company experienced a turnaround from losses in 2022 to profitability in 2023, with a revenue of 2.857 billion yuan, a 15.08% increase, and a net profit of 14.22 million yuan [3]. Market Position and Product Performance - Sitwei has solidified its market position, leading the global security CIS market from 2020 to 2023, and ranking fourth in the global automotive CIS market and fifth in the global mobile phone CIS market in 2024 [1][5]. - The company’s revenue from the smartphone sector reached 3.291 billion yuan in 2024, accounting for approximately 55.15% of total revenue, with high-end products driving significant growth [6]. - In the smart security sector, revenue was 2.15 billion yuan, making up about 36.03% of total revenue, with a year-on-year growth of 28.64% [6]. - The automotive electronics sector generated 527 million yuan in revenue, representing 8.83% of total revenue, with a growth rate of 79.09% [6]. Domestic Market Focus - Sitwei has been focusing on the domestic market, with domestic sales revenue reaching 4.008 billion yuan in 2024, increasing its share to 67.16% [2][6]. Research and Development - The company invested 447 million yuan in R&D in 2024, a year-on-year increase of 56.35%, and holds a total of 464 authorized patents [6].