Tongfu Microelectronics (002156) H1 2025 earnings summary

Executive summary

• Achieved revenue of ¥13.04 billion in H1 2025, up 17.67% year-over-year, with net profit attributable to shareholders rising 27.72% to ¥412 million.

• Benefited from global semiconductor market recovery, strong AI and automotive demand, and strategic partnerships, especially with AMD.

• Expanded production capacity and advanced packaging technology, with major investments in new facilities and R&D.

Financial highlights

• Revenue: ¥13.04 billion, up 17.67% year-over-year; net profit attributable to shareholders: ¥412 million, up 27.72%.

• Gross margin for IC packaging and testing: 14.39%, up 0.51 percentage points year-over-year.

• Operating cash flow: ¥2.48 billion, up 34.47% year-over-year.

• R&D investment: ¥755.57 million, up 12.43% year-over-year.

• Overseas revenue accounted for 68.99% of total, up 21.51% year-over-year.

Outlook and guidance

• H2 2025 expected to see continued growth driven by AI, automotive, and industrial demand.

• Company will focus on advanced packaging, capacity expansion, and digital transformation.