chip Photo:VCG

As of Monday, several A-share-listed semiconductor companies have released earnings forecasts for 2025, with many expecting year-on-year profit growth, according to a report by Securities Daily on Tuesday. A Chinese expert said that the data reflected rapid development of China's domestic semiconductor sector, driven by factors such as demand, policy support as well as market space created by US restrictions on semiconductor imports.

The listed companies, including Tianjin JHT Design Co（JHT）, Montage Technology Co, Shenzhen BIWIN Storage Technology Co (BIWIN), Forehope Electronic (Ningbo) Co, Victory Giant Technology Co, and TCL Technology, have delivered strong results, reflecting solid performance across multiple segments of the semiconductor industry, the Securities Daily reported.

For example, according to JHT's 2025 earnings forecast, the company expects net profit attributable to shareholders to reach between 160 million yuan ($22.2 million) and 210 million yuan in 2025, representing a year-on-year increase of 103.87 percent to 167.58 percent, per the Securities Daily report.

The company said the strong growth was mainly driven by sustained demand in the semiconductor packaging and testing equipment segment in 2025, alongside continued technological R&D and product iteration. Demand for products such as tri-temperature test sorters and large-platform, ultra-multi-site test sorters remained robust, leading to a significant increase in sales of the company's test-sorting equipment.

In the memory segment, Montage Technology said in its 2025 earnings forecast that it expects net profit attributable to shareholders to reach between 2.15 billion yuan and 2.35 billion yuan in 2025, up 52.29 percent to 66.46 percent year-on-year, the Securities Daily reported.

The company said that, benefiting from the AI industry trend and strong market demand, shipments of its interconnect chips rose markedly, driving a sharp increase in operating performance compared with the previous year.

BIWIN Storage, an integrated storage R&D, packaging and testing company, said in its 2025 earnings forecast that net profit attributable to shareholders is expected to reach between 850 million yuan and 1.0 billion yuan in 2025, surging 427.19 percent to 520.22 percent year-on-year.

In 2025, BIWIN maintained rapid growth in emerging AI edge-device applications. The company has continued to strengthen its advanced packaging capabilities, with its wafer-level advanced packaging and testing project progressing smoothly. Sample production and validation are being carried out in line with customer requirements, enabling BIWIN to offer a one-stop "storage plus wafer-level advanced packaging and testing" integrated solution, it said.

Leading printed circuit board maker Victory Giant Technology Co expects net profit attributable to shareholders to reach 4.16 billion yuan to 4.56 billion yuan in 2025, up 260.35 percent to 295.00 percent year-on-year, according to its earnings forecast.

The company said large-scale production of multiple high-end products in areas such as AI computing, data centers and high-performance computing has lifted the share of higher-value, more technologically complex products, driving strong profit growth.

Leading semiconductor display maker TCL said in its 2025 earnings forecast that net profit attributable to shareholders is expected to reach between 4.21 billion yuan and 4.55 billion yuan, up 169 percent to 191 percent year-on-year.

The company said its large-size products, including TVs and commercial displays, have maintained competitive advantages and provided a solid earnings base, while its small- and mid-size display business has seen rapid expansion and steadily improving competitiveness.

Ma Jihua, a veteran industry observer told the Global Times that in 2025, the rapid expansion of AI applications - from robotics to smart homes and assisted driving - has significantly lifted semiconductor demand and corporate performance. Strong policy support for "AI+" and sustained capital-market optimism have further driven investment across the full semiconductor value chain, creating favorable financing conditions, high valuations and a prime window for IPOs.

Ma said that China's domestic semiconductor sector has achieved rapid growth in a short period, driven by strong downstream demand and policy support, as well as market space created by US restrictions on semiconductor imports.

The expert added that supported by a coordinated system for indigenous R&D and manufacturing based on independent intellectual property, the industry is steadily overcoming key bottlenecks, building robust production capabilities and beginning to expand into international markets.

A ranking of China's top 50 AI companies showed that AI chip makers were the standout performers in 2025, occupying seven of the top ten positions, according to the Hurun China AI Top 50 released to the Global Times on Monday.

The top three companies - Cambricon, Moore Threads and MetaX - are all AI chip makers, while 10 of the 18 newly added firms are also engaged in AI chip-related businesses, per the release.