According to the Science and Technology Innovation Board Daily on August 17th (Reporter Wu Xuguang), on the evening of August 16th, etching single crystal silicon manufacturer Thinkon Semiconductor Jinzhou Corp. released its 2024 semiannual report.

According to the semi-annual report, the company achieved revenue of 0.125 billion yuan, a year-on-year increase of 58.84%; net profit attributable to the parent company was 4.7621 million yuan, turning losses around year-over-year; non-GAAP net profit was 3.8939 million yuan, turning losses around year-over-year; The net cash flow from operating activities was 78.369 million yuan, a year-on-year increase of 106.9%.

Regarding performance changes, Thinkon Semiconductor Jinzhou Corp. stated that the increase in revenue is mainly due to the semiconductor industry's cyclical recovery and the increase in the company's orders; the increase in net income is mainly due to the increase in revenue.

In terms of profit, the company's gross margin for the first half of 2024 was 25.26%, a decrease of 4.29 percentage points year-on-year.

Regarding the risk of declining gross margin, Thinkon Semiconductor Jinzhou Corp. stated that the company has taken or plans to take countermeasures, including: expanding the market and strengthening customer development; increasing research and development investment, optimizing product structure; strengthening supply chain management, reducing procurement costs, and so on.

In terms of the company's revenue for each product, in the first half of the year, large-diameter silicon materials achieved operating income of 80.3978 million yuan, with a gross margin of 57.75%; silicon components achieved operating income of 36.5768 million yuan, with a gross margin of 35.42%, close to the annual revenue in 2023; the business of large-size semiconductor silicon wafers is still in the stage of process optimization and customer certification development, and has not yet made a profit on its own.

On August 16, a person in charge of the secretariat of Thinkon Semiconductor Jinzhou Corp. told Science and Technology Innovation Board Daily reporters that from the company's perspective, the silicon component business has seen the fastest growth in performance in the first half of the year. In Jilin, the production capacity climbed quickly; as for the business of large size semiconductor silicon wafers, 8-inch large size silicon wafers have been installed and sent to downstream customers for verification, and are currently in the initial stage. However, the business of large-size semiconductor silicon wafers is in its early stage, and the main source of revenue for the company is large-diameter silicon materials.

As a supplier of integrated circuit etching single crystal silicon materials, the main products of Thinkon Semiconductor Jinzhou Corp. include large-diameter silicon materials, silicon components and large-size semiconductor silicon wafers.

Among them, large-diameter silicon materials are the company's traditional core business, used in the production and manufacturing of integrated circuit chips, and its business expansion is closely related to the prosperity of the semiconductor industry.

According to SIA data, in the second quarter of 2024, the total sales of the global semiconductor industry were US$149.9 billion, an increase of 18.3% year-on-year, an increase of 6.5% month-on-month, and a total of US149.9 billion. The sales for the quarter broke the record for the past two and a half years, with the Chinese market growing by 21.6% year-on-year, showing strong performance.

On August 13th, Shanghai Securities pointed out in a research report that currently the electronic semiconductor industry is at the bottom of the cycle, and weak recovery began in the first half of 2024. The second half of the year is expected to usher in a comprehensive recovery, and under the new IPO regulations, the industry's competitive landscape is expected to accelerate cleansing and recovery, and the industry's profit cycle and related companies' profits are expected to continue to recover.

Regarding the future outlook, the person in charge of the secretariat of Thinkon Semiconductor Jinzhou Corp. stated that since the fourth quarter of last year, affected by the industry's prosperity, sales of products such as large-diameter silicon materials of the company have increased compared to all quarters of this year. However, the overall view is a slow recovery state, mainly because the company's large-diameter silicon materials are in the upstream of the semiconductor industry, and it takes some time for the recovery of prosperity to be transmitted to the material side. "It will benefit from the downstream market recovery throughout the year 2024, and is expected to usher in a gradually recovering process."