As of January 19, numerous A-share listed companies in the semiconductor industry have disclosed their 2025 annual performance forecasts. Companies including Jht Design Co.,Ltd., Montage Technology Co.,Ltd., Biwin Storage Technology Co.,Ltd., Forehope Electronic(Ningbo)Co.,Ltd., Victory Giant Technology(Huizhou) Co.,Ltd., and Tcl Technology Group Corporation have reported impressive results. These listed firms operate across various segments of the semiconductor industry.
For instance, the 2025 performance forecast disclosed by Jht Design anticipates achieving a net profit attributable to owners of the parent company between 160 million yuan and 210 million yuan, representing a year-on-year increase of 103.87% to 167.58%. Regarding the primary reasons for the earnings growth, Jht Design stated that demand in its semiconductor packaging and testing equipment sector continued to grow in 2025. Concurrently, the company persisted with technological R&D and product iteration, leading to sustained demand growth for its three-temperature test sorters and large-platform, ultra-multi-site test sorters, resulting in a significant increase in sales volume of its test sorting machine products.
In the memory sector, Montage Technology's disclosed 2025 performance forecast indicates an expected net profit attributable to owners of the parent company of 2.15 billion yuan to 2.35 billion yuan, a year-on-year increase of 52.29% to 66.46%. "Benefiting from the artificial intelligence industry trend and robust industry demand, the company's shipments of interconnect chips have increased significantly, driving a substantial year-on-year improvement in operating performance for 2025," Montage Technology stated.
The 2025 performance forecast for Biwin Storage Technology, an integrated memory R&D, packaging, and testing company, shows an expected net profit attributable to owners of the parent company of 850 million yuan to 1 billion yuan, a staggering year-on-year increase of 427.19% to 520.22%. In 2025, Biwin Storage maintained a high-growth trend in its business within the emerging AI end-device sector. The company continued to strengthen its advanced packaging capabilities, with its wafer-level advanced packaging and testing manufacturing project progressing smoothly overall and currently advancing sampling and verification work according to customer demand, providing clients with a one-stop "storage + wafer-level advanced packaging and testing" comprehensive solution.
Packaging and testing firm Forehope Electronic anticipates achieving a net profit attributable to owners of the parent company of 75 million yuan to 100 million yuan in 2025, a year-on-year increase of 13.08% to 50.77%. Forehope Electronic stated that as the capacity and utilization rates of its wafer-level product lines continue to ramp up, the proportion of its advanced packaging products is constantly increasing, leading to continuous optimization of its product structure.
The 2025 performance forecast from leading PCB manufacturer Victory Giant Technology projects a net profit attributable to shareholders of the listed company between 4.16 billion yuan and 4.56 billion yuan, an increase of 260.35% to 295.00% compared to the same period last year. Victory Giant Technology indicated that in key areas such as AI computing power, data centers, and high-performance computing, several of its high-end products have achieved mass production, driving an upgrade in its product structure towards higher value and greater technical complexity. The proportion of high-end products has significantly increased, fueling rapid earnings growth.
Semiconductor display leader Tcl Technology Group's 2025 performance forecast shows an expected net profit attributable to shareholders of the listed company of 4.21 billion yuan to 4.55 billion yuan, a year-on-year increase of 169% to 191%. Tcl Technology maintained its competitive advantage in large-size products like TVs and commercial displays, stabilizing its core business operations, while experiencing rapid scale growth and continuously improving competitiveness in the small and medium-sized display product sector.
Yuan Shuai, Deputy Secretary-General of the Zhongguancun IoT Industry Alliance, commented, "The projected earnings growth for 2025 among listed companies across multiple semiconductor sub-sectors confirms the industry's recovery, with companies in these tracks beginning to reap the benefits of an upward industry cycle."
"Semiconductor enterprises need to accurately grasp new market trends under the vigorous development of technologies like artificial intelligence, increase R&D investment, enhance independent innovation capabilities, strengthen industrial chain coordination, flexibly adjust product structures, and continuously improve global competitiveness," said Fu Yifu, a special researcher at Sushang Bank, in an interview.
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