捷捷微电产销双增年赚4.73亿翻倍 近三年研发投7.42亿占营收10.95%

Core Viewpoint - The semiconductor industry is recovering, leading to significant performance improvements for Jiejie Microelectronics (300623.SZ), with notable revenue and profit growth in 2024 [1][2]. Financial Performance - In 2024, Jiejie Microelectronics achieved operating revenue of 2.845 billion yuan, a year-on-year increase of 35.05% [1][2]. - The net profit attributable to shareholders reached 473 million yuan, up 115.87% year-on-year [1][2]. - The net profit excluding non-recurring gains and losses was 416 million yuan, reflecting a growth of 103.53% year-on-year [1][2]. Future Outlook - For Q1 2025, the company expects a net profit between 106 million to 120 million yuan, representing a year-on-year growth of 15% to 30% [3]. - The net profit excluding non-recurring gains and losses is projected to be between 96.64 million to 114 million yuan, with a year-on-year increase of 95% to 130% [3]. R&D Investment - In 2024, Jiejie Microelectronics invested 272 million yuan in R&D, a 5.7% increase year-on-year, accounting for 9.56% of operating revenue [1][5]. - From 2022 to 2024, the cumulative R&D investment totaled 742 million yuan, representing 10.95% of total operating revenue during the same period [5]. Product Performance - In 2024, the core products, power semiconductor chips and devices, generated revenues of 883 million yuan and 1.905 billion yuan, respectively, with year-on-year growth of 44.59% and 30.47% [4]. - The sales volume and production volume of semiconductor chips were 1.7342 million and 4.7531 million units, reflecting year-on-year increases of 63.1% and 43.93% [4]. Strategic Acquisitions - In March 2025, Jiejie Microelectronics acquired 8.45% of Jiejie Nantong for 284 million yuan, resulting in 100% ownership [5]. - Jiejie Nantong reported operating revenue of 1.015 billion yuan and a net profit of 118 million yuan in 2024 [5]. Patent Achievements - As of the end of 2024, Jiejie Microelectronics held 276 authorized patents, including 91 invention patents [6]. - The company has also filed for 86 invention patents and 38 utility model patents [6].