Willsemi(603501)2024-08-21 07:34Financial Performance - In the first half of 2024, the company achieved a main business revenue of 12.07 billion CNY, an increase of 36.64% compared to the same period last year [2] - The net profit attributable to shareholders, excluding non-recurring gains and losses, reached 1.372 billion CNY, showing significant growth [2] - In Q2 2024, the company recorded a single-quarter revenue of 6.448 billion CNY, marking a historical high for a single quarter [2] Business Segments - Semiconductor agency sales generated revenue of 1.633 billion CNY, accounting for 13.53% of main business revenue, a growth of 13.40% year-on-year [2] - Semiconductor design business revenue was 10.418 billion CNY, representing 86.31% of main business revenue, with a year-on-year increase of 41.14% [2] - Image sensor solutions achieved sales revenue of 9.312 billion CNY, contributing significantly to the semiconductor design business [3] Market Insights - Revenue from the smartphone market for image sensors was approximately 4.868 billion CNY, up 78.51% year-on-year [3] - Revenue from the automotive market for image sensors reached about 2.914 billion CNY, an increase of 53.06% year-on-year [3] - Revenue from IoT/emerging markets for image sensors was around 336 million CNY, reflecting a growth of approximately 77.62% [3] R&D and Investment - R&D investment for semiconductor design sales was approximately 1.582 billion CNY, accounting for 15.18% of the sales revenue [3] - The company’s R&D expenses were 1.255 billion CNY, a year-on-year increase of 33.84% [3] - The company has invested over 12.5 billion CNY in R&D for semiconductor design from 2019 to 2023 [5] Cost Management - Sales expenses amounted to 264 million CNY, a growth of 30.21% year-on-year [3] - Financial expenses significantly decreased from 234 million CNY in H1 2023 to 6.14 million CNY, a decline of 97.34% [3] - The net cash flow from operating activities was 1.821 billion CNY, a decrease of 41.31% compared to the previous year [4]