中国经济网北京7月10日讯德明利（001309）(001309.SZ)昨晚披露2025年半年度业绩预告显示，报告期内，公司预计 归属于上市公司股东的净利润-8,000万元至-12,000万元，上年同期为38,764.72万元；扣除非经常性损益后的净利 润-8,450万元至-12,450万元，上年同期为36,997.57万元；营业收入为380,000万元至420,000万元，比上年同期增长 74.63%至93.01%。 2022年、2023年、2024年，德明利经营活动产生的现金流量净额分别为-3.31亿元、-10.15亿元、-12.63亿元。 | | 2024 年 | 2023 年 | 本年比上年増减 | 2022 年 | | --- | --- | --- | --- | --- | | 营业收入(元) | 4, 772, 546, 275. 05 | 1, 775, 912, 799. 26 | 168. 74% | 1, 190, 656, 505. 59 | | 归属于上市公司股东的 净利润(元) | 350, 553, 740. 48 | 24.998. 465. 34 | 1, 302. 30% ...

Core Viewpoint - Silicon Motion Technology Corp. (SIMO) is a leading provider of storage solutions for SSDs and other solid-state storage devices, with over 20 years of design and development experience in the industry [1][3]. Group 1: Company Overview - Founded in 1995 in Silicon Valley, California, and listed on NASDAQ in 2005, Silicon Motion has established offices in mainland China, Taiwan, Hong Kong, and the United States [1]. - The company specializes in providing storage solutions for various applications, including smartphones, PC data centers, commercial, and industrial control applications [1]. Group 2: Product Development - Based on NAND Flash characteristics, Silicon Motion has developed a combination of controller chip IPs, leading to the design of ICs equipped with firmware controller chip platforms and complete controller chip Turkey solutions [3]. - The company's controller chips are compatible with various flash memory produced by major manufacturers such as YMTC, Micron, Samsung, SK Hynix, KIOXIA, and Western Digital, supporting 128-layer, 176-layer, 196-layer, and higher-layer 3D TLC and QLC products [3]. Group 3: Market Presence and Solutions - Silicon Motion has deepened its presence in the domestic market over the years, collaborating with well-known domestic storage brands to grow and provide high-quality storage products to consumers [4]. - The company offers customized SSD controller chip solutions for enterprise-level storage, with products already deployed in several large data centers in China [4]. - Additionally, Silicon Motion provides high-performance, compact embedded controller chips and single-chip SSD solutions for industrial control and automotive markets, widely used in domestic, American, and Japanese automotive manufacturers [4].

证券研究报告 | 2025年05月03日 德明利（001309.SZ） 优于大市 1Q25 收入逆势同环比增长，产品线与客户结构加速升级 公司 1Q25 收入逆势同比增长 54.41%。公司以存储颗粒为原材料进行存储模 组开发，产品包括嵌入式存储、固态硬盘、移动存储及内存条等。24 年存储 价格呈现前高后低趋势，受存储价格回落影响 4Q24 上游厂商再次减产，存 储价格于 1Q25 触底，预计 25 年存储价格有望温和复苏。在此背景下：尽管 1Q25 存储价格下降触底，公司通过渠道及客户拓展仍逆势实现营收 12.52 亿 元(YoY+54.4%，QoQ+6.5%)，短期受研发投入同比增长 97.77%、银行贷款增 加带来的财务费用增加及存货跌价准备等影响，扣非归母净利润-0.75 亿元 (YoY-138.9%，QoQ+24.7%)同比下降，随价格触底企稳公司 1Q25 亏损环比收 窄，毛利率 5.8%(YoY-31.4pct，QoQ+5.5pct)环比改善。目前公司研发投入 已在收入端逐步体现，未来待规模稳定后盈利有望逐步改善。 自研主控顺利推进，逐步构建"主控+模组"模式。目前公司新一代自研 SD6.0 存 ...