Will Semiconductor Shanghai: strong H1 2025 growth driven by image sensors

Will Semiconductor Shanghai reported a 15.49% increase in main business revenue to 13.94 bn yuan in the first half of 2025. Net profit attributable to shareholders of the listed company surged by 48.34% to 2.027 bn yuan, highlighting improved management efficiency and profitability. The company’s semiconductor design business accounted for 83.01% of total revenue, growing by 11.08%, while semiconductor agency sales increased by 41.73%.

This growth was primarily fueled by significant progress in the image sensor solution business, which saw revenues of 10.346 bn yuan, an 11.10% increase year-on-year. The company's enhanced market share in automotive intelligent driving, panoramic cameras, and other smart terminal imaging applications contributed to this expansion. Meanwhile, the display solution business saw a slight decrease of 2.60%, with revenue at 459m yuan, while analog solution business revenue grew by 20.88% to 767m yuan.

Strategic initiatives included increasing R&D investments by 9.01% to 1.724 bn yuan, strengthening intellectual property with 4,761 authorized patents, and optimizing the supply chain to ensure stable production. The company also announced a stock option incentive plan for 2025, granting 19,983,400 stock options to 3,361 employees, reinforcing its commitment to talent retention and long-term development.