MINDEO(SZ:300656)2025-04-29 10:54Financial 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]