Huafeng Testing & Control said in an institutional survey that the company's current orders are in good condition and are expected to continue to grow throughout 2025. The semiconductor industry will recover after a cyclical adjustment in 2024. With the expected recovery in demand in the automotive, industrial and consumer electronics terminal markets, the semiconductor equipment market is expected to continue to benefit in 2025.
Regarding the decline in gross profit margin in the fourth quarter of 2024, the company's gross profit margin in the fourth quarter of 2024 was 66.18%, a year-on-year decrease of 4.3%. The company explained that this was mainly due to the adjustment of the new accounting standards, which led to the concentration of data in the fourth quarter, but the full-year gross profit margin increased by 2 percentage points year-on-year.
In terms of new product layout, the high-end test equipment STS8600 is currently in the customer verification stage. The company is continuously polishing product performance and plans to cover more market areas by launching new boards and cards, and to improve customer recognition with the help of innovative technologies, with the goal of building it into an industry-leading semiconductor test platform. At the same time, the company has established mature solutions in the field of KGD (known good product) testing, and has deepened cooperation with domestic and foreign customers, and its market share is expected to increase steadily in the future.
In addition, the progress of the company's self-developed ASIC chip project has attracted attention. The project aims to promote the high-end development of test equipment and solve the problem of independent control of chips through cooperation with the industry chain. The company said that due to the influence of the external environment, the self-development plan was launched ahead of schedule, and in the future it will rely on customized chip technology to enhance equipment performance and consolidate industry competitiveness.