Financial Performance - In 2024, the company achieved revenue of CNY 409 million, an increase of CNY 9.93 million or 2.49% year-on-year [1] - The net profit attributable to shareholders was -CNY 113.92 million, a decrease of CNY 126.47 million or 1,007.28% year-on-year, primarily due to significant goodwill impairment [1] - In Q1 2025, the company reported revenue of CNY 53.98 million, a decrease of CNY 11.71 million or 17.82% year-on-year [3] - The net profit attributable to shareholders in Q1 2025 was CNY 33.47 million, an increase of CNY 33.27 million or 16,299.56% year-on-year [3] Goodwill Impairment and Investment Losses - The company recognized a total goodwill impairment of CNY 81.98 million in 2024 due to acquisitions [1] - The long-term equity investment income was -CNY 71 million, influenced by the performance of three associated power semiconductor companies [1][2] Business Development - The barcode recognition equipment business achieved over 20% growth compared to the previous year, marking the best performance since the company's establishment [2] - The AiDC business saw over 20% growth in 2024, contributing stable cash flow and expected to remain a key revenue source [12] Semiconductor Business Progress - The company has established a complete power semiconductor industry chain, including wafer materials, wafer foundry, special process foundry, and chip design [5][6] - The wafer foundry, Guangxin Microelectronics, is in a ramp-up phase, with production capacity gradually increasing [7] - Guangwei Integration's revenue is expected to improve as it completes customer validations and benefits from Guangxin Microelectronics' capacity release [8] Market and Policy Impact - The company has not been significantly affected by the US-China tariff policies regarding semiconductor equipment procurement and product exports [15] - The focus remains on domestic customers for power semiconductor products, minimizing the impact of international trade policies [15] Future Outlook - Guangxin Microelectronics aims to achieve positive cash flow and net profit in the coming year as production capacity increases [7] - The company plans to expand its product offerings in the semiconductor materials market, particularly in high-value products [11]

Core Viewpoint - The company, Hu Silicon Industry, reported a revenue of approximately 3.388 billion yuan for 2024, marking a 6.18% increase from 2023, despite facing price pressures in the global semiconductor silicon wafer industry [1] Group 1: Revenue and Sales Performance - The company's 300mm silicon wafer sales surged over 70% year-on-year, contributing to a revenue growth of 7.10% to 3.329 billion yuan when excluding non-core business income [2] - The total production capacity of the company reached 650,000 wafers per month, solidifying its position as a leader in the domestic semiconductor silicon wafer market [3] Group 2: Strategic Investments and Capacity Expansion - The company is focusing on capacity expansion and technological breakthroughs to strengthen its leading position in the semiconductor silicon wafer sector [3] - New projects in Shanghai and Taiyuan are expected to add 600,000 wafers per month to the existing capacity, bringing the total to 1.2 million wafers per month, with a total investment of 13.2 billion yuan [5][6] Group 3: Research and Development - The company invested approximately 267 million yuan in R&D, with an R&D intensity of 7.88%, and received 24 new invention patents [4] - The company developed over 150 new products in the 300mm silicon wafer category, with more than 60 new specifications entering mass production [4] Group 4: Market Outlook and Future Opportunities - Despite a projected 6.5% decline in global semiconductor silicon wafer sales to 11.5 billion USD in 2024, the industry is expected to recover, driven by AI, automotive electronics, and industrial digitalization [4] - The company is strategically positioning itself to capture market share during the anticipated recovery phase in 2025 [4]