南财智讯1月28日电，必易微发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为900万 元—1350万元，预计同比扭亏；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润 为-600万元—-300万元。报告期内，公司坚定"以技术创新为驱动，以市场需求为导向"的发展战略，通 过精进设计、升级工艺、优化供应链等方式降低成本，并主动调整产品结构及市场定价策略。得益于 此，2025年度，公司综合毛利率攀升至近30%，毛利率水平连续六个季度取得增长，毛利额同比增长近 15%，推动公司营业利润大幅增长，实现扭亏为盈。此外，公司顺应能源与电力、智能家居、AI、机器 人、航空航天等新兴市场领域的需求增长，利用产品性能和客户资源的优势，积极拓展新产品的市场份 额，其中电机驱动控制、大功率电源、DC-DC、LED背光驱动、传感器芯片等产品收入同比增长超过 80%，带动公司2025年第四季度收入同比、环比均取得增长。 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating an expectation to outperform the benchmark index by 10%-20% over the next six months [1][21]. Core Insights - The company achieved profitability in Q2 2025, driven by high-margin products and a broadening product portfolio, which opens up growth opportunities [1][6]. - The demand for AI terminals and the acceleration of domestic substitution are expected to benefit the company, as it continues to expand its product offerings [6][7]. - The company reported a revenue of 283 million yuan in H1 2025, a year-on-year decrease of 6.99%, but with a gross margin improvement to 29.58% [6][7]. Financial Performance Summary - **Revenue Forecast**: Projected total revenue for 2024A is 688 million yuan, increasing to 839 million yuan in 2025E, with a CAGR of 21.8% through 2027E [2][7]. - **Net Profit Forecast**: The company is expected to turn a profit with a net income of 9 million yuan in 2025E, growing to 75 million yuan by 2027E, reflecting a significant growth rate of 362.6% in 2026E [2][7]. - **Earnings Per Share (EPS)**: EPS is projected to improve from -0.25 yuan in 2024A to 1.08 yuan in 2027E [2][7]. Product and Market Development - The company is actively expanding its product matrix, including high-power fast charging and power supply applications, and has successfully entered the supply chain for international brands [6][7]. - The introduction of new products, such as specialized driver chips for micro-stepping motors, has seen significant growth, with a year-on-year increase of over 245% in motor driver control chip products [6][7]. - The company maintains a high R&D investment strategy, with a research expense ratio of 25.42% in H1 2025, focusing on markets such as home appliances and industrial power [6][7].