① Yan Dong Micro's revenue in the first half of 2024 decreased by 43.10% year-on-year, with a net loss of -15.13 million yuan attributable to the parent, turning into a loss year-on-year; ② Yan Dong Micro stated that the high-density power device platform has been developed and multiple products have achieved small-scale production, with a yield rate of 98.5% or more on the 12-inch production line.
"Science and Technology Innovation Daily" August 23 (Reporter Guo Hui) Yan Dong Micro released its financial report for the first half of 2024 tonight (August 23).
The data shows that Yan Dong Micro achieved operating revenue of 0.617 billion yuan in the first half of the year, a decrease of 43.10% year-on-year; the net profit attributable to the parent company was -15.13 million yuan, turning into a loss year-on-year, compared with 0.268 billion yuan in the same period last year.
Yan Dong Micro stated that the change in performance is mainly due to changes in the market, as well as price decreases and a decline in demand for some products.
Yan Dong Micro operates its product and solution business in an IDM model, with a wide range of products mainly used in the consumer electronics, automotive electronics, new energy, electrical utilities, communication and smart terminal, and special fields. In the first half of this year, the company's sales revenue from the product and solution sector was 0.305 billion yuan, a decrease of 55.06% year-on-year.
Yan Dong Micro stated that the company is actively responding to market changes by increasing research and development of new products, expanding new products and customers, strengthening technological and resource reserves, and preparing for the market recovery. In the first half of the year, this business unit completed a total of 22 single-chip integrated circuits and 15 mixed integrated circuits, developed a 5V and 40V SOI CMOS special process platform, and added more than 100 new customers.
In the manufacturing and service field, Yan Dong Micro mainly provides power devices, power management ICs, and other services to customers. In the first half of the year, the sales revenue of the manufacturing and service business sector was 0.281 billion yuan, a decrease of 23.45% year-on-year.
Yan Dong revealed that starting from the second half of 2022, the external market environment has been consistently weak, especially in the consumer electronics market where product prices have fluctuated greatly. Since the first half of 2024, the consumer market has gradually recovered, and the demand for orders has achieved a slight increase. However, the average product selling price still experienced a significant decrease, leading to a certain decline in revenue for consumer products compared to the same period.
According to the financial report, in the first half of the year, Yan Dong Micro completed the upgrade of core production equipment for 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 companies in the new energy automobile sector, and achieved mass supply. The standard CMOS industrial display driver circuit has been validated by customers. Based on the ultra-high voltage 600V BCD process platform, 13 products have been mass-produced.
Regarding the 12-inch production line, the high-density power device platform has been developed and several products have been validated by customers, achieving small-scale production. Yan Dong Micro stated that the 12-inch production line has achieved stable production overall, with a yield of over 98.5%.
In terms of the progress of the first-time fundraising project, the company's 'Specialized Process 12-inch Integrated Circuit Production Line Project' has already reached production in July of this year for Phase 1, and Phase 2 began trial production in April of this year. The project is expected to reach production in July 2025.
In the field of silicon photonics chip manufacturing, Yan Dong Micro made progress in 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 1000 wafers. It is expected to deliver over 5000 wafers to customers within the year. In addition, the 8-inch SOI process platform has completed the development of some key devices, and the 12-inch SOI process platform has completed the development of some key processes.
Yan Dong Micro stated that the SiN silicon photonics process platform has made a breakthrough, developing 5 new products and achieving stable supply through mass production, with a product yield of over 95%. It is applied in the fields of lidar and optical communication.
In the first half of this year, Yan Dong Micro's asset impairment loss was 41.07 million yuan, significantly exceeding the same period last year.
The reporter of the Star Daily noticed that on September 26th of this year, Yandong Micro will have 121.1133 million shares of restricted shares released, accounting for a total of 10.10% of the total share capital. These shares are all restricted shares held by the original shareholders of the IPO, with shareholders including Yizhuang Guotou, Jingguo Rui, and Great Wall Asset Management, among others. After this unlocking, there will still be 618.4019 million shares of restricted shares remaining.
