The first quarter of 2025 is extraordinary. Amid escalating tensions in US-China relations, the tariff war is in full swing, and China has also introduced a series of targeted policies in response, with calls for domestic substitution and self-control surging like a tide. This has led to an acceleration in the global semiconductor industry reshuffle, while Chinese chip companies are breaking through at an astonishing speed.
Financial reports for the first quarter of 2025 show that domestic semiconductor companies have collectively exploded in performance, with AI computing power, memory chips, and equipment localization becoming the main engines of growth.
Today, we will review the top 10 hardcore players with the fastest growth rates based on the latest financial reports and industry dynamics, revealing the technological breakthroughs and growth secrets behind them. We hope you enjoy it.
Disclaimer: This article is for discussion and exchange only and does not constitute any investment advice.
TOP 1: Youyan New Materials
Main business: High-purity metal targets, rare earth materials
Financial performance: Q1 net profit attributable to the parent company skyrocketed by 14698.12% year-on-year, setting an industry record.
Technical highlights: Overcame 3nm target technology, breaking the monopoly of Japan and the US, reducing procurement costs for SMIC by 8%.
Growth logic: Benefiting from the acceleration of advanced process localization, target demand surged, coupled with the cost reduction advantage of self-developed raw materials.
TOP 2: Weicai Technology
Main business: Chip testing equipment
Financial performance: Q1 net profit increased by 8577.53% year-on-year, with a market share of over 30% in testing machines.
Technical highlights: Self-developed sorting machine screens 600 chips per minute, improving the pass rate by 2 percentage points.
Growth logic: Explosive demand for AI chips and automotive-grade chip testing, accelerating domestic substitution in equipment procurement.
TOP 3: Xindong Lianke
Main business: High-performance MEMS inertial sensors
Financial performance: Q1 revenue increased by 291.77% year-on-year, net profit grew by 2869.17%.
Technical highlights: Military-grade high-precision sensor technology transitioned to civilian use, with drone communication modules achieving transmission distances exceeding 20 kilometers compared to imports.
Growth logic: Surge in demand for smart cars and industrial automation, with benefits from military-civilian integration policies.
TOP 4: Changchuan Technology
Main business: Integrated circuit testing equipment
Financial performance: Q1 net profit increased by 2623.82% year-on-year, with a gross margin of over 60% for equipment.
Technical highlights: 12-inch wafer testing machine certified by TSMC, filling a domestic gap.
Growth logic: Expansion wave in packaging and testing capacity + upgrade of automotive-grade chip testing standards, driving a surge in orders.
TOP 5: Sitwei
Main business: High-end CMOS image sensors
Financial performance: Q1 revenue of 1.75 billion yuan, a year-on-year increase of 108.94%, net profit of 191 million yuan, a year-on-year increase of 1264.97%.
Technical highlights: Full-process domestic production of 50-megapixel sensors, with night vision capabilities exceeding competitors by 5 times.
Growth logic: Upgrades in multi-camera systems for smartphones + penetration of autonomous driving in the automotive sector, leading to the highest global market share in the security field.
TOP 6: Silan Microelectronics
Main business: IGBT, third-generation semiconductors
Financial performance: Q1 net profit increased by 1072.43% year-on-year, with silicon carbide production line yield exceeding 90%.
Technical highlights: Established a 6-inch gallium nitride production line, covering the entire chain from materials to packaging.
Growth logic: Domestic substitution in electric drive systems for new energy vehicles + explosive demand for photovoltaic inverters.
TOP 7: Hengxuan Technology
Main business: TWS earphone chips, smart wearable chips
Financial performance: Q1 net profit increased by 590.22% year-on-year, with gross margin rising to 45%.
Technical highlights: Supports the new LE Audio standard, with power consumption 30% lower than competitors.
Growth logic: Popularization of AI voice interaction + explosive growth of smart hardware in emerging Southeast Asian markets.
TOP 8: LianTe Technology
Main business: Optical modules and optical chips
Financial performance: Q1 net profit increased by 499.92% year-on-year, with shipments of 400G optical modules doubling.
Technical highlights: Self-developed 25G DFB laser chip, with costs 40% lower than imports.
Growth logic: Global data center upgrades to 800G networks, accelerating domestic optical chip substitution.
TOP 9: Cambricon
Main business: AI training chips, edge computing chips
Financial performance: Q1 revenue of 1.111 billion yuan, a year-on-year increase of 4230.22%, achieving profitability for two consecutive quarters for the first time.
Technical highlights: The Siyuan 590 computing power is close to NVIDIA’s A100, with prices 30% lower.
Growth logic: US sanctions spur domestic substitution, with 17 out of 23 intelligent computing centers in the country adopting its solutions.
TOP 10: Rockchip
Main business: AIoT chips, smart visual processors
Financial performance: Q1 net profit increased by 209.65% year-on-year, with shipments of RK3588 chips exceeding one million.
Technical highlights: 8-core ARM processor supports 8 channels of 4K video, with power consumption reduced by 40%.
Growth logic: Surge in demand for edge devices such as AI glasses and industrial robots, with production capacity released in Southeast Asian factories.
Note: Data is as of May 2025. For more details, please refer to authoritative reports from Jiemi Network, Aijimi, etc.