Core Viewpoint - Shenzhen Mind Electronics Technology Co., Ltd. reported a decline in total operating revenue for the first half of 2025, primarily due to decreased income from non-core businesses, while certain segments like wafer foundry and design services showed growth [2][3]. Financial Summary - Total operating revenue for the first half of 2025 was CNY 130.0741 million, a decrease of CNY 30.8458 million or 19.17% year-on-year [2]. - Net profit attributable to shareholders was CNY 10.3182 million, influenced by gains from equity transfers and losses from certain subsidiaries [2]. Business Development Overview - Power semiconductor business at Guangxin Microelectronics is in a healthy expansion phase, with a monthly production capacity exceeding 20,000 wafers and ongoing product development [3]. - Guangwei Integration has seen revenue and gross margin growth supported by Guangxin Microelectronics' capacity, with new products being developed for the photovoltaic and automotive sectors [3]. - Chip Microtech has established partnerships with over 30 domestic semiconductor design companies, making progress in various manufacturing processes [3]. - Jingrui Electronics reported a 17.31% year-on-year increase in overall sales revenue, driven by growth in the sales of 6-inch epitaxial wafers [3]. AiDC Business Performance - The AiDC business maintained stable development and gross margins, contributing consistent cash flow despite a complex international environment [4]. - Over 60% of AiDC sales in the first half of 2025 were from overseas markets, focusing on BRICS countries and regions along the Belt and Road [4]. - Guangxin Microelectronics plans to stabilize monthly production at over 20,000 wafers, with future expansion expected to reach 100,000 wafers per month by late 2026 or early 2027 [4].

Financial Performance - The company achieved total operating revenue of 130.0741 million yuan, a decrease of 3.08458 million yuan or 19.17% year-on-year, primarily due to a decline in non-core business income [2] - The net profit attributable to shareholders was 10.3182 million yuan, with a net profit excluding non-recurring gains and losses of -41.4674 million yuan, mainly due to the acquisition of Guangxin Microelectronics and related accounting impacts [3] Business Development - The power semiconductor industry shows signs of recovery, with significant progress across various business segments compared to the previous year [4] - Guangxin Microelectronics is in a healthy expansion phase, with monthly production stabilizing at over 20,000 wafers, and revenue significantly increasing year-on-year [5] - Guangwei Integration's sales are recovering, with product revenue and gross margin increasing year-on-year, and new products being developed for photovoltaic and automotive applications [6] - Xinyi Electronics reported a 17.31% increase in overall sales revenue, with 6-inch epitaxial wafers growing by 11.26% year-on-year [9] AiDC Business - The AiDC business maintained stable development and good gross margins, contributing to steady operating cash flow, with over 60% of sales coming from overseas markets [10][11] - Future plans include exploring new products in machine vision and deepening collaborations with leading companies in niche markets [10] Future Plans and Strategies - Guangxin Microelectronics plans to continue developing high-voltage and high-current power device products, focusing on automotive electronics and energy transformation applications [12] - The company will monitor Guangxin Microelectronics' capacity enhancement and shareholder interests before considering further investments in its remaining equity [13]