Xinlian Integrated Technology Co., Ltd. (hereinafter referred to as "Xinlian Integrated") has released its financial report for the first half of 2024, showing that the company's operating revenue reached RMB 2.88 billion, a year-on-year increase of 14.27%. Although the net profit attributable to the owners of the parent company was -471 million yuan, it decreased by 638 million yuan compared to the same period last year, with a significant reduction of 57.53%. This report not only reflects the company's positive performance in adversity, but also marks the recovery of related industries.

According to the financial report, the improvement in the main revenue and net profit of Xinlian Integration is mainly due to the recovery of downstream demand in the industry, especially in the growth of new energy vehicles and consumer markets. Meanwhile, the newly built production line of the company has also contributed significantly to the rapid increase in revenue. According to industry analysts, the market prospects for power semiconductors will continue to be optimistic as the global demand for green energy and intelligent products increases.

As one of the leading power semiconductor wafer manufacturers in China, Xinlian Integrated not only focuses on the production of IGBT wafers and silicon carbide wafers, but also demonstrates its technological strength in the field of power devices. The company showcased samples of its IGBT and 8-inch silicon carbide wafers at this press conference, highlighting its important position in the high-tech industry chain.

At present, the layout of chip integration in wafer production capacity is gradually improving. The company has a production capacity of 170000 pieces per month for 8-inch silicon substrates, 30000 pieces per month for 12 inch silicon substrates, and a monthly shIPMent capacity of over 5000 pieces for 6-inch SIC mosfets. The increase in production capacity not only provides a solid foundation for the company's strategic development, but also prepares for meeting the growing market demand.

Industry experts point out that with the rapid development of related markets such as new energy vehicles and smart homes, the demand for power semiconductors is accelerating. As a key player in this field, Xinlian Integration has leveraged this market trend to drive the recovery of the company's performance. With the continuous upgrading of technology and the improvement of production capacity, Xinlian integration will occupy a more advantageous position in future market competition.

After the release of the financial report, the management of Xinlian Integration stated that they will continue to increase research and development investment, improve product technology content, and optimize production processes to further enhance the company's market competitiveness. At the same time, the company also plans to further expand its production capacity on the existing basis to cope with market changes and the emergence of new opportunities.

Overall, although the performance of Xinlian Integration in the first half of 2024 faced challenges, it has shown initial results through effective market strategies and technological innovation. With the recovery of the industry and the continuous efforts of the company itself, the future prospects are worth looking forward to. As new energy vehicles and smart living gradually become mainstream, the strategy of chip integration in technological innovation and market expansion will bring new growth momentum.

Fushite Technology focuses on the field of power devices, providing customers with power devices such as IGBT and IPM modules, as well as MCU and touch chips. It is an electronic component supplier and solution provider with core technology.