Prisemi Reports Strong Core Profit Growth in 2025 as it Accelerates Strategic Pivot to Automotive and Industrial Markets
Date : 2026-02-10
Reading : 66
Shanghai Prisemi Electronics Co., Ltd. recently released its annual report for the fiscal year 2025, detailing a significant strategic transition. The company, traditionally a leader in consumer electronics protection devices, is successfully penetrating the high-barrier automotive and industrial sectors. Despite macroeconomic fluctuations, Prisemi demonstrated financial resilience and a clear roadmap toward becoming a comprehensive power semiconductor solution provider.
Financial Resilience and Profit Quality
In 2025, Prisemi achieved a total operating revenue of 394 million RMB, representing an 11.52 percent year-on-year increase. While the GAAP net profit attributable to shareholders saw a slight dip of 4.91 percent to 106 million RMB, the non-GAAP net profit (excluding non-recurring gains) surged by 17.54 percent to 68.88 million RMB.
HDIN Research analysis indicates that the decrease in GAAP profit was primarily due to lower returns on wealth management products following a downward trend in market interest rates, rather than a decline in operational health. The company maintains an exceptionally strong balance sheet, with over 1.93 billion RMB in financial assets and a very low debt-to-asset ratio, providing a massive buffer for future strategic acquisitions.
Product Portfolio Evolution
The company core business, Power Devices, accounted for 91.6 percent of total revenue. Within this segment, the MOSFET product line emerged as a primary growth engine, with revenue increasing by 20.84 percent to 89.03 million RMB. This was driven by the mass shipment of high-performance SGT MOSFETs. Meanwhile, the Power IC segment showed remarkable margin improvement, with gross margins increasing by 11.47 percentage points to 29.75 percent, reflecting an optimized product mix and enhanced cost controls.
Prisemi has successfully launched over 150 new power device products and 14 new power IC products during the reporting period. Notably, its 40V low-voltage bidirectional GaN products have reached international leading standards and entered mass production.
Transition to the Fab-lite Model
A cornerstone of Prisemi 2025 strategy is the proposed acquisition of Shanghai Shunlei Technology and Shanghai Jishun Technology. This move marks a definitive shift from a pure-play design (Fabless) model to a Fab-lite model. By integrating its own manufacturing and testing facilities, Prisemi aims to achieve a complete production loop, which is critical for meeting the stringent quality and supply chain reliability requirements of automotive and industrial clients.
The target companies possess established channels in automotive electronics, security instrumentation, and industrial sectors, which will provide Prisemi with immediate access to diversified market segments and help offset the cyclical risks associated with the consumer electronics market.
Next-Generation Technology and Automotive Strategy
Prisemi is heavily investing in third-generation semiconductors and automotive-grade components. The company has established technology platforms for Silicon Carbide (SiC) and Gallium Nitride (GaN).
Key R&D progress in 2025 included:
1. SiC SBD: Completed 650V/1200V/1700V product lines.
2. SiC MOSFET: 1200V products are currently undergoing customer validation for charging piles and PV inverters.
3. IGBT: Developed 600V-1350V single-tube series with ongoing tests for 1200V/1700V high-current chips (150A/200A).
4. Automotive Grade: Multiple projects for TVS and MOSFETs are being developed to meet AEC-Q101 standards for automotive applications such as OBC and main drive systems.
Market Outlook
HDIN Research analysts suggest that Prisemi is at a strategic turning point. The transition to a Fab-lite model, backed by nearly 2 billion RMB in liquid assets, positions the company to capture the domestic substitution wave in the high-end power semiconductor market. As AI-integrated smartphones and new energy infrastructure drive demand for high-efficiency power management, Prisemi focus on automotive and industrial electronics is expected to redefine its long-term valuation ceiling.
Table Summary of Prisemi 2025 Key Financial Metrics
About HDIN Research
Profile: HDIN Research focuses on providing market consulting services. As an independent third-party consulting firm, it is committed to providing in-depth market research and analysis reports.
Website: www.hdinresearch.com
E-mail: sales@hdinresearch.com
Financial Resilience and Profit QualityIn 2025, Prisemi achieved a total operating revenue of 394 million RMB, representing an 11.52 percent year-on-year increase. While the GAAP net profit attributable to shareholders saw a slight dip of 4.91 percent to 106 million RMB, the non-GAAP net profit (excluding non-recurring gains) surged by 17.54 percent to 68.88 million RMB.
HDIN Research analysis indicates that the decrease in GAAP profit was primarily due to lower returns on wealth management products following a downward trend in market interest rates, rather than a decline in operational health. The company maintains an exceptionally strong balance sheet, with over 1.93 billion RMB in financial assets and a very low debt-to-asset ratio, providing a massive buffer for future strategic acquisitions.
Product Portfolio Evolution
The company core business, Power Devices, accounted for 91.6 percent of total revenue. Within this segment, the MOSFET product line emerged as a primary growth engine, with revenue increasing by 20.84 percent to 89.03 million RMB. This was driven by the mass shipment of high-performance SGT MOSFETs. Meanwhile, the Power IC segment showed remarkable margin improvement, with gross margins increasing by 11.47 percentage points to 29.75 percent, reflecting an optimized product mix and enhanced cost controls.
Prisemi has successfully launched over 150 new power device products and 14 new power IC products during the reporting period. Notably, its 40V low-voltage bidirectional GaN products have reached international leading standards and entered mass production.
Transition to the Fab-lite Model
A cornerstone of Prisemi 2025 strategy is the proposed acquisition of Shanghai Shunlei Technology and Shanghai Jishun Technology. This move marks a definitive shift from a pure-play design (Fabless) model to a Fab-lite model. By integrating its own manufacturing and testing facilities, Prisemi aims to achieve a complete production loop, which is critical for meeting the stringent quality and supply chain reliability requirements of automotive and industrial clients.
The target companies possess established channels in automotive electronics, security instrumentation, and industrial sectors, which will provide Prisemi with immediate access to diversified market segments and help offset the cyclical risks associated with the consumer electronics market.
Next-Generation Technology and Automotive Strategy
Prisemi is heavily investing in third-generation semiconductors and automotive-grade components. The company has established technology platforms for Silicon Carbide (SiC) and Gallium Nitride (GaN).
Key R&D progress in 2025 included:
1. SiC SBD: Completed 650V/1200V/1700V product lines.
2. SiC MOSFET: 1200V products are currently undergoing customer validation for charging piles and PV inverters.
3. IGBT: Developed 600V-1350V single-tube series with ongoing tests for 1200V/1700V high-current chips (150A/200A).
4. Automotive Grade: Multiple projects for TVS and MOSFETs are being developed to meet AEC-Q101 standards for automotive applications such as OBC and main drive systems.
Market Outlook
HDIN Research analysts suggest that Prisemi is at a strategic turning point. The transition to a Fab-lite model, backed by nearly 2 billion RMB in liquid assets, positions the company to capture the domestic substitution wave in the high-end power semiconductor market. As AI-integrated smartphones and new energy infrastructure drive demand for high-efficiency power management, Prisemi focus on automotive and industrial electronics is expected to redefine its long-term valuation ceiling.
Table Summary of Prisemi 2025 Key Financial Metrics
| Metric | 2025 Value | Year-on-Year Change |
|---|---|---|
| Operating Revenue | 394 million RMB | +11.52% |
| GAAP Net Profit | 106 million RMB | -4.91% |
| Non-GAAP Net Profit | 68.88 million RMB | +17.54% |
| MOSFET Revenue | 89.03 million RMB | +20.84% |
| Power IC Gross Margin | 29.75% | +11.47% |
| R&D Personnel Ratio | 41.88% | Stable |
| Financial Assets | 1.93 billion RMB | Robust liquidity |
About HDIN Research
Profile: HDIN Research focuses on providing market consulting services. As an independent third-party consulting firm, it is committed to providing in-depth market research and analysis reports.
Website: www.hdinresearch.com
E-mail: sales@hdinresearch.com