证券代码：688711 证券简称：宏微科技 公告编号：2026-006 转债代码：118040 债券简称：宏微转债 江苏宏微科技股份有限公司 2025年度业绩快报公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以江苏宏微科技 股份有限公司（以下简称"公司"）2025年年度报告为准，提请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：人民币 万元 ■ 3、以上数据及指标如有尾差，为四舍五入所致。 二、经营业绩和财务状况情况说明 （一）报告期的经营情况、财务状况及影响经营业绩的主要因素 1、经营情况和财务状况 报告期内，公司实现营业收入134,635.60万元，较上年同期增长1.13%；归属于母公司所有者的净利润 1,743.30万元，较上年同期增长220.50%；归属于母公司所有者的扣除非经常性损益的净利润913.52万 元，较上年同期增长126.88%。 截至报告期末，公司总资产为268,044.19万元，较期初增长3.0 ...

Group 1 - The company has changed its auditing firm to Tianjian Accounting Firm for the 2025 fiscal year, with the decision approved during the board meeting on July 25, 2025, and the first extraordinary shareholders' meeting on August 12, 2025 [1][2][3] - The new signing auditors are Chen Zhenwei and Weng Jincheng, while the new project quality reviewer is Li Zongwei, replacing the previous personnel due to internal adjustments at Tianjian [1][2][3][6] Group 2 - The company forecasts a net profit attributable to shareholders of the parent company for 2025 to be between 14 million and 21 million yuan, marking a turnaround from a loss in the previous year, with an increase of 28.47 million to 35.47 million yuan, representing a year-on-year growth of 196.77% to 245.15% [11][13] - The expected net profit after deducting non-recurring gains and losses is projected to be between 8 million and 12 million yuan, an increase of 41.99 million to 45.99 million yuan compared to the previous year, reflecting a year-on-year increase of 123.54% to 135.30% [11][13] - The improvement in performance is attributed to the recovery in the power semiconductor industry, increased demand for new power electronic devices, and the company's strategic adjustments in product offerings [15][16]

Core Viewpoint - The article discusses the significant impact of artificial intelligence (AI) on various sectors, particularly focusing on the increasing power consumption of AI servers and the need for efficient power solutions to address this challenge [2][4][10]. Group 1: AI Server Demand and Power Consumption - The demand for AI servers is surging, leading to a notable increase in power consumption, with projections indicating that by 2030, AI will consume approximately 1000 TWh, accounting for at least 10% of global electricity [4][10]. - The rise in power consumption presents challenges, especially for regions with limited energy supply, necessitating solutions to either increase power generation or reduce power consumption in AI servers [7][10]. Group 2: Solutions and Industry Response - The industry is focusing on developing low-energy solutions to mitigate the power consumption issue, with companies like NVIDIA leading the charge in creating more efficient chips and systems [7][12]. - High voltage systems, such as ±400V DC and 800V DC, are being promoted to reduce current and copper usage, which is essential for improving efficiency in AI server operations [10][12]. Group 3: Impact of Increased Power Consumption - Increased power consumption leads to several challenges, including: 1. Power loss due to resistance in cables, resulting in energy waste and heat generation [11]. 2. Physical limitations in handling high currents, leading to increased costs and space issues in data centers [11]. 3. The need for advanced cooling systems to manage heat generated from power consumption [11]. 4. Limits on scalability for existing architectures to support high power densities [11]. 5. Rising operational costs, with nearly 60% of data center operating costs attributed to electricity [11]. Group 4: Role of Rohm Semiconductor - Rohm Semiconductor is positioned to provide comprehensive solutions for AI servers, focusing on power electronics and analog technologies to support the growing demand for efficient power management [14][16]. - The company is developing a diverse range of products using silicon, silicon carbide (SiC), and gallium nitride (GaN) to address various power needs in AI applications [16][19]. - Rohm's advancements include the introduction of fifth-generation SiC products, which significantly reduce on-resistance and support low-loss operation under high-temperature and high-load conditions [19][24]. Group 5: Product Offerings and Innovations - Rohm offers a variety of power MOSFETs and other components designed for high voltage applications, such as the RY7P250BM and RS7P200BM, which are suitable for AI server power supplies [22][26]. - The company emphasizes the importance of high power efficiency and density in its product development to meet the evolving needs of AI server technology [24][26].

Core Viewpoint - The company is actively developing its GaN product line, which includes 650V GaN HEMT products and mid-to-low voltage GaN HEMT products (40V to 150V), with notable progress in the 40V bidirectional GaN products that have already achieved mass production for flagship smartphones [1] Group 1 - The company has confirmed that its GaN product array includes 650V GaN HEMT products and mid-to-low voltage GaN HEMT products ranging from 40V to 150V [1] - The 40V bidirectional GaN products have been successfully mass-produced and shipped in certain flagship smartphone brands [1] - The company's GaN product development plan includes applications in the field of humanoid robotics [1]

Group 1 - The core viewpoint of the article is that Chipway Technology (688230.SH) has indicated its research and development plans for GaN products will include applications in the field of humanoid robots [1] Group 2 - The company is actively engaging with investors through an interactive platform to communicate its strategic focus on GaN technology [1] - The mention of humanoid robots suggests a potential growth area for the company's product applications, indicating a forward-looking approach in its R&D efforts [1]

Core Viewpoint - The company has successfully integrated some of its GaN products into flagship smartphones, indicating a growing presence in the consumer electronics market [1] Group 1: Product Applications - Some GaN products have been applied in flagship smartphones from various brands, showcasing the company's advancements in technology [1] - The company has made limited applications of ESD, MOS, and TVS products in humanoid robots, focusing on static protection for serial signals, motor drive, and power surge protection [1]

Core Viewpoint - The company has confirmed that some of its GaN products are currently used in flagship smartphones, but there has been no shipment of these products in the humanoid robot sector [1]. Group 1: Product Applications - The company has applied some GaN products in flagship smartphones [1]. - Some ESD, MOS, and TVS products have been minimally applied in the embodied robot field, primarily for serial signal electrostatic protection, motor drive, and power port surge protection [1].

Core Viewpoint - The article discusses the trends and opportunities in the integrated circuit industry, particularly focusing on advancements in semiconductor technology, AI applications, and the development of advanced packaging techniques [5][6][7][8]. Group 1: Integrated Circuit Development Trends - The conference features discussions on the development trends of integrated circuits in the post-Moore era, emphasizing the importance of innovative materials and processes [5]. - Keynote speakers include prominent figures such as Wu Hanming and Li Yanrong, who address the challenges and innovations in power semiconductor technology [5][6]. Group 2: AI and Semiconductor Technology - The integration of AI in semiconductor technology is highlighted, with presentations on AI-driven advancements in power integration and the role of AI in enhancing data center efficiency [6][7]. - Discussions include the dual relationship between AI and TGV (Through Glass Via) technology, showcasing how both fields can benefit from each other [6]. Group 3: Advanced Packaging Techniques - The article outlines various sessions dedicated to advanced packaging technologies, including the development of glass substrates and their applications in integrated circuits [8]. - Experts discuss the challenges and innovations in silicon carbide (SiC) and gallium nitride (GaN) power devices, focusing on their industrialization and application in modern electronics [7][8]. Group 4: Industry Ecosystem and Collaboration - The conference emphasizes the importance of building an ecosystem for integrated circuits, involving collaboration among academia, industry, and government [10]. - The role of alumni networks in fostering innovation and investment opportunities in the semiconductor sector is also discussed [10].

Group 1: Company Insights - Tangrenshen's cumulative pig sales reached 2.9452 million heads from January to July 2025, with an expected annual output of 5-5.5 million heads [1] - The "company + farmer" model accounted for 80.64% of the pig output in the first half of 2025, with the proportion of New Dan breed pigs increasing from 56% to 76% [1] - The company plans to enhance its meat business in the second half of 2025, focusing on high-end fresh meat brands and nationwide expansion [1] Group 2: Microelectronics Sector - Zhongwei Semiconductor reported a revenue of 504 million yuan in the first half of the year, with consumer electronics contributing 40% and small appliances 31% [2] - The company has reduced its inventory from 700 million yuan to over 300 million yuan, with a gross margin of approximately 33% [2] - Dongwei Semiconductor achieved a revenue of 616 million yuan in the first half of 2025, a year-on-year increase of 46.79%, with net profit rising by 62.80% [3] Group 3: Data Center and New Energy - Kehua Data's revenue for the first half of 2025 was 3.733 billion yuan, a slight increase of 0.06%, with net profit growing by 7.94% [4] - The data center business generated 1.398 billion yuan, reflecting a year-on-year growth of 16.77% [4] - The company is focusing on "technological innovation" and "computing power layout," launching a new computing power service model [4]

Core Viewpoint - The article highlights the strong performance of the optical module sector in the A-share market, driven by significant growth in companies like New Yisheng and Zhongji Xuchuang, which are benefiting from increased demand for AI-related computing power investments [3][5]. Group 1: Market Performance - During the week of July 14 to 18, the A-share market indices continued to rise, with the Shanghai Composite Index increasing by 0.69% to close at 3534.48 points, the Shenzhen Component rising by 2.04%, and the ChiNext Index gaining 3.17% [3]. - The optical module sector emerged as a leading theme, with several companies in the sector reporting strong earnings forecasts, contributing to the overall market momentum [4][5]. Group 2: Institutional Research - A total of 160 listed companies disclosed institutional research minutes during the week, with approximately 70% of these companies achieving positive returns [3]. - New Yisheng was the most favored stock among institutions, with a price increase of over 39% and 139 institutions conducting research on the company [5]. Group 3: Company Highlights - New Yisheng expects to achieve a net profit of 3.7 billion to 4.2 billion yuan for the first half of 2025, representing a year-on-year growth of 327.68% to 385.47% due to the ongoing investment in AI-related computing power [5]. - Zhongji Xuchuang anticipates a net profit of 3.6 billion to 4.4 billion yuan for the same period, reflecting a year-on-year increase of 52.64% to 86.57%, driven by strong demand for high-end optical modules [6]. - New Shida is also gaining attention, with 95 institutions conducting research, focusing on its humanoid robot advancements and collaboration with Haier [6][7]. Group 4: Semiconductor Sector - Wentai Technology expects a net profit of 390 million to 585 million yuan for the first half of 2025, an increase of 178% to 317% year-on-year, supported by growth in its semiconductor business [8]. - The company is undergoing a strategic shift to focus on its semiconductor operations, following the resignation of several key executives [8].