GF Securities: Semiconductor sector profits have shown significant improvement compared to the previous period, with a positive long-term trend.

Guangfa Securities research report indicates that from the perspective of asset turnover, the inventory turnover days, accounts payable turnover days, and accounts receivable turnover days of the semiconductor sector all decreased compared to the previous quarter in the second quarter of 2025, leading to a comprehensive improvement in asset turnover efficiency in the semiconductor sector in the second quarter of 2025. With the continuous innovation driven by the AI wave in the cloud and edge, the operational outlook of various sectors continues to improve, and the profitability of the various links in the semiconductor industry chain is expected to further increase.