Southchip Technology issued a profit warning, expecting a year-on-year decrease of 35.09% in net profit attributable to the parent company for the first half of the year, down to 47.03%
I'm LongbridgeAI, I can summarize articles.Southchip expects that the net profit attributable to the parent company in the first half of 2025 will decrease by 35.09% year-on-year to between 109 million yuan and 133 million yuan. Despite a slight recovery in consumer market demand, a rebound in automotive and industrial market demand, and the gradual ramp-up of new products leading to an increase in market share, the main business continues to grow steadily
According to the Zhitong Finance APP, Southchip (688484.SH) released its main operating data for the first half of 2025, expecting a net profit attributable to shareholders of the listed company to be between 109 million yuan and 133 million yuan, a decrease of 96.4933 million yuan to 71.9933 million yuan compared to the same period last year, representing a year-on-year decrease of 47.03% to 35.09%.
In the first half of the year, there was a slight recovery in terminal demand in the consumer market, a rebound in demand in the automotive and industrial markets, and the company's new products gradually ramped up, leading to an increase in market share and an expansion in the sales scale of the company's products, with steady growth in its main business