The Science and Technology Innovation Board Daily reported on August 23 (Reporter: Guo Hui) that Yan Dongwei released its financial report for the first half of 2024 tonight (August 23).

The data shows that Yan Dongwei achieved operating income of 0.617 billion yuan in the first half of the year, a year-on-year decrease of 43.10%; the net profit attributable to the parent company was -15.13 million yuan, turning to a loss year-on-year, compared to 0.268 billion yuan in the same period last year.

Yan Dongwei stated that the changes in performance are mainly due to changes in the market, with some product prices falling and demand declining.

Yan Dongwei's product and solution business operates in the IDM mode, with a wide range of product categories, mainly used in consumer electronics, automotive electronics, new energy, electrical utilities, communications and smart terminals, and special fields. In the first half of this year, the sales revenue of the product and solution sector of the company was 0.305 billion yuan, a year-on-year decrease of 55.06%.

Yan Dongwei stated that the company is actively responding to market changes by increasing research and development of new products, expanding new products and new customers, strengthening technical and resource reserves, and making preparations to meet the market recovery. In the first half of the year, this business line completed a total of 22 single-chip integrated circuits, 15 hybrid integrated circuit developments, and developed a 5V and 40V SOI CMOS special process platform, with over 100 new customers added.

In the manufacturing and service field, Yan Dongwei mainly provides power devices and power management IC services to customers. In the first half of the year, the sales revenue of its manufacturing and service business sector decreased by 23.45% to 0.281 billion yuan.

Yandong Micro revealed that since the second half of 2022, the external market environment has remained sluggish, especially in the consumer electronics market where product prices have fluctuated significantly. Since the first half of 2024, the consumer market has gradually recovered, with a slight increase in order demand. However, the average product selling price still experienced a significant decrease, leading to a certain decline in consumer product revenue compared to the same period.

According to the financial report, in the first half of the year, Yandong Micro completed the upgrade of the core production equipment of the 8-inch production line. The IGBT and FRD process platform products of the 8-inch wafer production line have passed the reliability certification of domestic leading new energy vehicle enterprises and achieved mass production. The standard CMOS industrial display driver circuit has been validated by customers. Based on the high-voltage 600V BCD process platform, 13 products have been mass-produced.

On the 12-inch side, the high-density power device platform has been developed, and multiple products have been validated by customers and achieved small-scale production. Yandong Micro stated that the overall production of the 12-inch production line has achieved stability with a yield rate of over 98.5%.

As for the progress of the inaugural investment projects, the company's 'Special Process 12-inch Integrated Circuit Production Line Project' has completed the first phase and started trial production in April this year. The second phase is expected to achieve production in July 2025.

In the field of silicon photonics chip manufacturing, Yandong Micro made progress in both the 8-inch and 12-inch production lines in the first half of this year.

Among them, the 8-inch SiN process platform has achieved mass production and market sales, with a monthly capacity of 1,000 wafers. It is expected to deliver over 5,000 wafers to customers within the year. In addition, the key devices of the 8-inch SOI process platform have been developed, while the key processes of the 12-inch SOI process platform have been completed.

Yandong Micro stated that breakthroughs have been made in the SiN silicon photonics process platform, with the development of 5 new products and stable supply achieved through mass production. The product yield rate exceeds 95% and is applied in the fields of lidar and optical communications.

In the first half of this year, Yandong Micro's impairment loss on assets was 41.07 million yuan, significantly higher than the same period last year.

The "Star Daily" reporter noticed that on September 26th this year, Yandong Micro will have 121.1133 million restricted shares unlocked, accounting for 10.10% of the total share capital. They are all restricted shares of the original shareholders, including investors from Yizhuang Guotou, Jingguo Rui, and Great Wall Asset Management. After this unlocking, there will still be 618.4019 million restricted shares remaining.