Willsemi(603501) 新浪财经·2025-04-18 12:29Core Insights - The company reported a revenue of 25.731 billion yuan for 2024, representing a year-on-year increase of 22.41%, and a net profit attributable to shareholders of 3.323 billion yuan, up 498.11%, nearing the upper limit of the company's performance forecast [1] - The company's profitability significantly improved due to the continuous penetration of its CIS in high-end smartphone and automotive autonomous driving markets, with a gross margin of 29.44%, up 7.68 percentage points year-on-year, and a net margin of 12.76%, up 10.17 percentage points year-on-year [1] Revenue Breakdown - The display solutions business generated revenue of 1.028 billion yuan, accounting for 4.01% of main business income, down 17.77% year-on-year, impacted by TDDI price pressure, although OLED driver chips and automotive TED products are gradually compensating [2] - The analog solutions business achieved revenue of 1.422 billion yuan, representing 5.54% of main business income, up 23.18% year-on-year, driven by the growth of automotive PMIC and CAN/LIN chips, alongside industrial and consumer-grade product synergy [2] - The image sensor solutions segment generated revenue of 19.190 billion yuan, making up 74.76% of main business income, with a year-on-year increase of 23.52%, including smartphone CIS revenue of 9.8 billion yuan, up 26% year-on-year, and automotive CIS revenue of 5.9 billion yuan, up 30% year-on-year [2] Future Projections - The company is expected to achieve revenues of 30.879 billion yuan, 36.088 billion yuan, and 41.380 billion yuan for the years 2025 to 2027, with net profits attributable to shareholders projected at 4.394 billion yuan, 5.624 billion yuan, and 7.207 billion yuan respectively [3]