Xinyichang and Mingmicroelectronics release results for the first half of 2025

Xinyichang: Revenue in the first half of the year was 402 million yuan, and net profit fell sharply. On August 17, Xinyichang released its 2025 semi-annual report. The report shows that in the first half of 2025, Xinyichang achieved operating income of 402 million yuan, a decrease of 28.30% from 560 million yuan in the same period last year; net profit attributable to shareholders of listed companies was 2.6157 million yuan, compared with 66.2912 million yuan in the same period last year, a sharp decline of 96.05% year-on-year.

Xinyichang said that the decline in performance was mainly due to the impact of international trade policies, changes in the international business layout and equipment investment willingness of downstream customer groups, and a decrease in smart equipment orders, which in turn led to a decrease in revenue. Faced with external uncertainty and international economic turmoil, the company actively promotes the industrial structure upgrading strategy, optimizes the scale of traditional LED production capacity, and focuses resources on core areas such as semiconductors and new display packaging technologies.

In the field of LEDs and new display equipment, Xinyichang has focused on the development of Mini LED high-end equipment and achieved certain results. Business revenue has continued to grow, and the gross profit margin of Mini LED die fixation equipment has reached more than 40%. At the beginning of this year, some head panel manufacturers began to deploy Mini LED production capacity, prompting the company to further advance its strategic transformation plan. Mini LED orders are in good condition. The company also signed a purchase order for the latest Mini LED die fixing machines with Suzhou Huaxing Optoelectronics Display Co., Ltd.

In addition, Xinyichang's high-end intelligent equipment manufacturing base was completed in January. The project is committed to building a comprehensive base integrating intelligent equipment manufacturing and the group's R & D center, which is expected to help Xinyichang continue to promote its industrial structure in the future. Upgrade strategy.

Ming Microelectronics: Revenue in the first half of the year was 286 million yuan, and net profit turned from profit to loss. On August 20, Ming Microelectronics released a semi-annual report for 2025. In the first half of the year, the company achieved operating income of 286 million yuan, a decrease of 1.64% from 291 million yuan in the same period last year; total profit was-42.364 million yuan, a decrease of 789.54% from the same period last year; net profit attributable to shareholders of listed companies was-35.3559 million yuan, compared with 7.0889 million yuan in the same period last year, a year-on-year decrease of 616.66%; The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was-42.9538 million yuan.

As of June 30, 2025, Mingwei Electronics 'total assets were 1.488 billion yuan, an increase of 0.18% from the end of 2024; the net assets attributable to shareholders of listed companies were 1.203 billion yuan, a decrease of 2.88% from the end of 2024.

During the reporting period, Mingwei Electronics 'application scope of smart landscape products significantly expanded, extending from urban lighting and light strips to smart home, commercial decoration, automotive atmosphere, e-sports atmosphere and professional stage lighting. The company promptly launched new products, which successfully drove sales of smart landscape products and Mini backlight series to increase. However, the situation of intensified competition in the traditional product field has not yet eased. Relevant income and gross profit margin have declined. At the same time, asset impairment losses have increased. The combination of multiple factors has led to a decline in the company's overall operating results.