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研报掘金丨东吴证券:维持韦尔股份“买入”评级,手机+汽车驱动业绩持续高增

Research report: Soochow Securities maintains a "buy" rating on Will Semiconductor, with continued high performance driven by smartphones and autos.

Gelonghui Finance ·  Aug 23 15:55  · Ratings

Soochow Securities research report pointed out that Will Semiconductor (603501.SH) achieved a record high in revenue in the second quarter, with continued high performance in the mobile phone and automotive sectors. Maintaining a "buy" rating. In the second quarter, the quarterly revenue was 6.45 billion yuan, a year-on-year increase of 43%, and the net income attributable to non-controlling interests was 0.81 billion yuan, turning losses into profits. In the first half of 2024, the company's product structure and supply chain optimization results were significant, driving the company's comprehensive gross margin to a continuous increase of 30% in 2024Q2. The bank believes that after the high-pixel CIS is accelerated to be introduced into high-end models of mobile phones and automotive customers, the company is expected to continue to achieve high performance growth. Based on this, the company's net income attributable to shareholders is expected to be 3.37 billion yuan/5.05 billion yuan/6.45 billion yuan for 2024-2026.

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