Core Viewpoint - OmniVision Group, formerly known as Weir Shares, is a fabless semiconductor design company that has submitted an application for a Hong Kong IPO, joining a list of A-share companies with a market capitalization exceeding 100 billion RMB [1] Company Background - Founded in 2007 by Yu Renrong, Weir Shares primarily engaged in semiconductor distribution and design, and was listed on the Shanghai Stock Exchange in May 2017 [2] - The acquisition of OmniVision Technologies in August 2019 allowed Weir Shares to enter the CMOS image sensor (CIS) market, significantly increasing its design business revenue [3] - Following the acquisition, Weir Shares rebranded as OmniVision Group in June 2025, with revenue reaching 25.707 billion RMB in 2024, of which 19.190 billion RMB (74.65%) came from image sensor solutions [4] Market Opportunities - The global CIS market is highly concentrated, with the top five players holding 84.1% of the market share; OmniVision Group ranks among the top three with a market share of 13.7% in 2024 [6] - The smartphone sector is the largest application area for CIS, accounting for over 65% of the market, while the automotive sector is the fastest-growing application area [6] - OmniVision Group is the largest player in the automotive CIS market, holding a 32.9% market share, benefiting from the rising penetration of smart vehicles in China [7] - The company is also making progress in medical, security, machine vision, and smart glasses sectors, positioning itself to capture growth in these rapidly developing areas [8]

公众号记得加星标⭐️，第一时间看推送不会错过。 中国高端市场竞争加剧也产生了影响 索尼半导体CFO高野康弘解释称，2024年公司市场份额持平主要有两个原因，一是主要客户的销售 额没有达到预期，二是中国高端领域与对手的竞争加剧，"所以我们在这个领域有点挣扎"。 6月13日，索尼半导体也公布了其业务战略。该公司列举了灵敏度/噪声、动态范围、分辨率、读出速 度和功耗五个功能轴，并表示将全面推进各项业务的发展。高野解释说，为了扩大市场份额，"我们 的优势在于打造在这些功能轴之间取得良好平衡的产品，但我们将进一步完善这项技术。此外，我们 将尽快将每种技术的新产品推向市场。" 他继续说道，"遗憾的是，我们预计市场份额目标将暂时推 迟，但我们赢得市场的目标保持不变。我们将继续以60%的目标运营业务。" 2024年智能手机CIS出货量索尼位居第一，中国企业分列二三位 图像传感器价值份额表现及预测 资料来源：索尼集团 据市场研究公司Counterpoint Research预测，2024年全球智能手机CMOS图像传感器（CIS）出货量 预计将同比增长2%，达到44亿颗，索尼将保持第一的位置，中国企业格科微位居第二，豪威科技位 ...

从"韦尔"到"豪威"，这家千亿市值的芯片巨头，究竟在筹划 一盘怎样的棋局？ 作者：郑晨烨 封图：图虫创意 2025年6月11日，上海韦尔半导体股份有限公司（603501.SH，下称"韦尔股份"）发布了其2024年 年度股东大会决议公告。公告显示，在6月10日召开的股东大会上，《关于变更公司名称及证券简 称的议案》获得了出席会议股东99.9035%的压倒性同意票。 这意味着，这家以半导体分销业务起家、市值曾一度突破4000亿元的芯片巨头，即将正式告别在A 股市场使用了八年之久的"韦尔股份"之名，转而更名为"豪威集团"，全称则为"豪威集成电路（集 团）股份有限公司"。 然而，在近乎全票通过的数字背后，亦有股东表达了自己的"不适应"。一位在二级市场长期持有韦 尔股份的投资者这样向经济观察报记者表达他的不解与遗憾："我始终认为'韦尔'这两个字，在A股 市场已经是一个极具知名度的品牌，这是公司的一项无形资产，大家一提到A股的半导体龙头，首 先想到的就是韦尔。我就是想不通，为什么要把这个名字换掉？" 根据韦尔股份2024年年度报告，其业务结构已发生根本性转变，报告期内，该公司实现主营业务 收入256.70亿元，其中半导体 ...

Core Viewpoint - The company is experiencing significant growth in its image sensor business, particularly in automotive and mobile sectors, driven by advancements in smart driving technology and the ongoing shift towards high-end domestic products [1][2]. Group 1: Image Sensor Business - The automotive CIS segment is benefiting from the accelerated adoption of smart driving technologies, with projected revenue of 59 billion yuan in 2024, representing a year-over-year increase of 30% [1]. - The mobile CIS segment is focusing on increasing penetration in high-end smartphones, with expected revenue of 98 billion yuan in 2024, reflecting a year-over-year growth of 26% [1]. - The company is set to launch the OV50X sensor in Q3 2025, which features a 1.6um pixel size and a 1-inch optical format, aiming to enhance market share in high-end mobile applications [1]. Group 2: Financial Performance - In 2024, the company achieved total revenue of 257.3 billion yuan, a year-over-year increase of 22%, with a net profit of 33.2 billion yuan, marking a substantial year-over-year growth of 498% [2]. - The image sensor business accounted for 191.9 billion yuan of the total revenue, representing 75% of the company's income and a growth rate of 24% year-over-year [2]. - The gross margin improved by 7.68 percentage points to 29.44% in 2024, with further improvement to 31.03% in Q1 2025, indicating a continuous enhancement in profitability [2].

如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容来自eetimes 。 据市场研究公司Counterpoint Research预测，2024年全球智能手机CMOS图像传感器（CIS）出 货量预计将同比增长2%，达到44亿颗。索尼继续保持第一的位置，中国公司格科微位居第二，豪 威科技则位居第三。 在CIS市场，SK海力士宣布将于2025年3月退出该业务，并将该部门的职能整合到AI内存业务中。 Counterpoint Research指出，SK海力士的退出可能为包括GalaxyCore和OmniVision在内的中国 供应商创造新的增长机会。 Counterpoint Research还预测，由于LOFIC（水平溢出累积容量）和多光谱等技术的进步，以及 制造商不断努力提高相机性能，未来市场的ASP（平均售价）将会上涨。另一方面，由于地缘政治 紧张和宏观经济不确定性给全球智能手机市场带来挑战，我们预计 2025 年 CIS 出货量将同比略 有下降。该公司还将每部智能手机摄像头数量的持续下降视为 CIS 需求下降的一个因素。 参考链接 https://eetimes.itmedia.co.jp/ee/arti ...

Group 1: Financial Performance - In 2024, the company reported a revenue of 25.731 billion yuan, representing a year-over-year growth of 22.41% [1] - The net profit attributable to shareholders reached 3.323 billion yuan, showing a significant increase of 498.11% year-over-year [1] - The gross profit margin improved to 29.44%, up by 7.68 percentage points year-over-year, driven by product structure optimization and cost control [1] Group 2: Market Segments - The revenue from smartphone image sensor solutions in 2024 was 9.802 billion yuan, growing by 26.01% year-over-year and accounting for 51.1% of total revenue [2] - The automotive electronic image sensor solutions generated 5.905 billion yuan in revenue, reflecting a year-over-year increase of 29.85% and representing 30.8% of total revenue [2] - The company is expanding its product line for automotive applications, including high-performance front machine vision cameras for advanced driver assistance systems (ADAS) and autonomous driving [2] Group 3: Product Development - The display solutions business generated 1.028 billion yuan in revenue, with a year-over-year decline of 17.77%, although sales volume increased by 16.84% [3] - The analog solutions business saw revenue of 1.422 billion yuan, growing by 23.18% year-over-year, as demand for analog chips rebounded [3] - The company is focusing on product iteration in display solutions and advancing its layout in automotive analog chips to drive growth [3] Group 4: Future Outlook - The company maintains an "outperform the market" rating, anticipating continued strength in image sensor business for smartphones and automotive applications [3] - Projected revenues for 2025-2027 are 30.948 billion yuan, 36.602 billion yuan, and 42.386 billion yuan, respectively [3] - Expected net profits for the same period are 4.524 billion yuan, 5.587 billion yuan, and 6.751 billion yuan, respectively [3]

特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 点击注册小程序 查看完整报告 2024年，公司图像传感器业务来源于汽车市场的收入实现约59.05亿元，同比增长29.85%，市场份额持续 提升。汽车智能化，特别是高级驾驶辅助系统（ADAS）的加速渗透和向中低端车型的下沉，显著拉动了 车载CIS的需求。单车搭载摄像头数量显著提升，同时像素规格也在持续升级，800万像素产品逐渐成为 ADAS主流。公司凭借在汽车CIS领域近20年的深耕，产品矩阵丰富，其800万像素产品如OX08B40、 OX08D10等性能优异，已成功导入国内外主流平台和车厂。除车载CIS外，公司深度布局CAN/LIN、 LCOS、PMIC、Serdes等多类车载产品，24年公司车用模拟IC较23年同比增加37.03%，保持高速增长，随 着公 ...

Group 1 - Weir Semiconductor reported Q1 2025 revenue of 6.472 billion yuan, a year-on-year increase of 14.68%, and a net profit of 866 million yuan, up 55.25% from the previous year [1] - Weir Semiconductor, established in May 2007, focuses on the design and sales of semiconductor devices, with over 700 product models across four main product lines [1] - The company's products are widely used in various fields including mobile phones, computers, televisions, communications, security, automotive, wearables, and medical applications [1] Group 2 - Weir Semiconductor's subsidiary, OmniVision, ranked third in global CIS shipments with a year-on-year growth of 14% according to CounterPoint's report [1] - In 2024, Weir Semiconductor achieved a revenue of 25.73 billion yuan, a 22.41% increase, with its image sensor solutions business generating 19.19 billion yuan, accounting for 74.76% of total revenue [2] - The CMOS image sensor business from the smartphone market generated approximately 9.802 billion yuan in 2024, reflecting a 26.01% increase from the previous year [2] Group 3 - Sony maintained its market leadership with a slight year-on-year increase in shipments, benefiting from improved production yields and growing demand for high-end smartphones [4] - GalaxyCore, a Shanghai-based company, ranked second with a 34% year-on-year growth in 2024, leveraging cost advantages to capture more Android orders [4] - GalaxyCore reported revenue of approximately 6.39 billion yuan in 2024, a 36.02% increase, with a rapid rise in shipments of products with 13 million pixels and above [4]