Wuhan Jingce Electronic (SZ:300567)2025-04-29 09:32Group 1: Company Performance - The net profit attributable to shareholders for 2024 was -97.60 million CNY, a decrease of 165.02% compared to 2023, primarily due to weak market demand and price adjustments in the display sector [3] - In Q1 2025, the company achieved revenue of 689.40 million CNY, a year-on-year increase of 64.92%, and a net profit of 37.60 million CNY, up 336.06% from the previous year [3] Group 2: R&D and Product Development - The company has increased R&D investment in advanced semiconductor processes (14nm and below), with successful deliveries of 14nm defect detection equipment and 7nm products [6][9] - In the AR/VR sector, the company has established a comprehensive detection solution covering core components, modules, and complete machines, achieving strategic cooperation with leading global AR/VR companies [4][5] Group 3: Market Challenges and Strategies - The company faces significant challenges in the display and new energy sectors, leading to a notable decline in gross margins and net profits [3][12] - To improve profitability, the company is focusing on cost control and optimizing internal management, which has resulted in an overall increase in gross margin [11][12] Group 4: Future Growth Drivers - The semiconductor equipment market is expected to experience a prolonged growth cycle due to increasing demand for high-end chips driven by the electric vehicle, big data, and AI industries [8][12] - The company anticipates that advanced process products will become a core driver of its performance, with an increasing proportion of revenue and orders from these products [6][16] Group 5: Order Status - As of the first quarter of 2025, the company reported total orders amounting to approximately 2.844 billion CNY, with 764 million CNY in the display sector, 1.668 billion CNY in the semiconductor sector, and 412 million CNY in the new energy sector [14]