ch
English
On the evening of April 21st, Silicon Power (301629.SZ) released its annual report for 2025. The report shows that in 2025, the company achieved operating revenue of RMB 419 million, with net profit attributable to the owners of the parent company amounting to RMB 52.8278 million.
Against the backdrop of intensified competition in the external market, Silicon Power has further consolidated its industry position in the field of semiconductor testing equipment through the development of core business, continuous investment in research and development, and refined management upgrades.
Deeply cultivating the main track of semiconductor testing with multi-business line collaboration
In the field of high-end wafer probe stations, in 2025, Silicon Power focused on the deployment of the 12-inch fully automatic high-precision wafer probe station market, accelerating the coverage and verification process of key projects in high-end application areas such as logic, storage, and other digital chip wafer manufacturing, as well as wafer-level packaging and testing. In terms of overseas markets, the company established a dedicated team and leveraged international platforms such as SEMICON SEA2025 to showcase the innovative achievements of the company's probe testing technology, enhancing brand influence. Driven by these related initiatives, the company's customer coverage and equipment trial penetration in the semiconductor-related market have rapidly increased, with several new verification projects from leading enterprises, driving the growth of shipments and verification revenue of 12-inch wafer probe stations.
In the grain probe station business, facing pressures such as fluctuations in the downstream optoelectronic market and capital expenditure slowdowns brought about by technology route selection in downstream application fields, the company maintains strategic focus and concentrates on higher-growth application areas such as Mini/MicroLED and optical communication markets. Through continuous technological research and development and strengthening product reserves, Silicon Power actively expands incremental markets while maintaining a stable presence in existing markets, laying a solid foundation for future development.
In addition, the sorting machine business is becoming a new performance pillar for Silicon Power. During the reporting period, the company comprehensively enhanced its comprehensive capabilities in the sorting machine business, achieving multiple technological breakthroughs and reaching industry-leading levels. Currently, related products have been introduced into existing customer production lines and have been highly recognized, and the sorting machine expansion project is also progressing smoothly as planned.
Continuously increasing investment in research and development to solve the "bottleneck" problem of high-end equipment
As a hard technology-driven enterprise, Silicon Power maintained a high level of R&D investment in 2025. The annual R&D expenditure reached RMB 64.3628 million, accounting for a high proportion of 15.37% of its operating revenue.
Continuous R&D investment has translated into a wealth of technological achievements. As of the end of the reporting period, the company had obtained a total of 345 authorized patents and 102 software copyrights, including 50 authorized invention patents, continuously strengthening its technological barriers.
In terms of technology commercialization, the company has continuously made breakthroughs in the core areas of probe testing and chip sorting. In 12-inch testing, it has achieved a systematic improvement in overall performance. In the LED field, through the optimization of testing schemes and automation integration, it has significantly improved the comprehensive testing efficiency and production capacity, and supported the testing of smaller-sized chips. Meanwhile, the high-speed sorter and integrated testing and sorting machine have reached the advanced level in the industry, further consolidating the company's competitive advantage in the field of high-end domestic equipment.
In the future, we will move towards a new stage of localization and globalization of high-end equipment
Looking ahead to 2026, Silicon Power will focus on the industrial application of high-end wafer probe stations, concentrate its advantageous resources on promoting the verification and batch order conversion of 12-inch equipment among leading manufacturers, and simultaneously accelerate the expansion process in overseas markets.
In the display sector, the company will seize the window of opportunity for expanding production in the mini/micro LED display field. By enhancing the cost-effectiveness of products, it aims to strengthen its competitiveness in existing market share and secure new orders. Simultaneously, leveraging its existing customer base, the company will expedite the introduction and application of its sorting machine business in the production lines of long-term cooperative customers.
The company will continue to adhere to the principle of letting market demand drive the direction of research and development, enhance product competitiveness and added value through continuous technological innovation, and promote the coordinated acceleration of order conversion and revenue recognition. Based on the optimization of delivery, commissioning, and acceptance processes, the company will further improve the pricing and product structure system to ensure steady improvement in operational quality (Wensui)
