Jiwei Network reported on April 27, Xidi Micro released a first-quarter report that in the first quarter of this year, the company achieved revenue and operating income of 150 million yuan, an increase of 76.59% year-on-year; net profit attributable to shareholders of listed companies was 9.5664 million yuan, an increase of 4040.66% year-on-year.
Xidiwei said that the performance growth is mainly due to the continuous growth of the company's business, the significant increase in the sales of major distributors and platform manufacturers, and the growth brought about by the sales of new brand customers.
It is understood that Xidi Micro is one of the leading semiconductor and integrated circuit design enterprises in China, and its main business is the research and development, design and sales of analog integrated circuit products including power management chips and signal chain chips. Its main products cover DC/DC chips, super fast charge chips, lithium battery fast charge chips, port protection and signal switching chips, etc., and are currently mainly used in mobile phones, notebook computers, wearable devices and other fields.
In recent years, China's power management chip industry has benefited from domestic substitution, product performance improvement, application field expansion and other factors into a golden period of development, bringing historic development opportunities. According to Frost & Sullivan statistics, China's power management chip market will reach a market size of $23.45 billion by 2025, and the rapid growth of the industry size provides a good market opportunity for The growth of micro revenue in Xidi.
Relying on the domestic leading technical capabilities, Xidi Micro has been highly recognized by many brand customers, and the company's dc/DC chips in the field of mobile phones and automotive electronics have entered the Qualcomm platform reference design, and the lithium battery fast charging chip has entered the MTK platform reference design. At the same time, the company's products have been mass-produced to Samsung, Xiaomi, Honor, OPPO, VIVO, Transsion and other brand customers, and are widely used in consumer electronic devices including a variety of its high-end flagship models, and at the same time realize the shipment to YuraTech and other automotive front-loading manufacturers, and eventually applied to Audi, Hyundai, Kia and other brands of automobiles. In 2021, the company successfully achieved AC/DC chip sales revenue, and the product application direction is AC/DC chip for high-performance mobile phone chargers.
Benefiting from the company's continuous expansion of brand customers, deepening brand customer cooperation, and continuous enrichment of product types, Xidiwei achieved operating income of 463 million yuan in 2021, an increase of 102.68% over 2020. The net profit attributable to the shareholders of the listed company was 25.6463 million yuan, achieving a turnaround.
Xidiwei said that the company is still in a period of rapid growth, the company and the existing major customers to cooperate stably, international and domestic brand customers continue to expand and cooperation gradually deepened, while continuing to enrich the product types, driving the company's operating income to grow rapidly. (Proofreading |lee)