[Current Period Performance Forecast](index=1&type=section&id=一%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company forecasts significant growth in revenue and net profit for the first three quarters of 2025, with a notable increase in net profit margin [Performance Forecast Period](index=1&type=section&id=(一)业绩预告期间) The announcement specifies the performance forecast period from January 1, 2025, to September 30, 2025 - The performance forecast period is from January 1, 2025, to September 30, 2025[2](index=2&type=chunk) [Performance Forecast Details](index=1&type=section&id=(二)业绩预告情况) Actions Technology anticipates substantial growth in revenue and net profit for the first three quarters of 2025, with a significant improvement in net profit margin Key Financial Indicators for Q1-Q3 2025 Performance Forecast | Indicator | Q1-Q3 2025 Estimated (million yuan) | YoY Growth (million yuan) | YoY Growth Rate | | :--- | :--- | :--- | :--- | | Operating Revenue | 721.00 | 254.33 | 54.50% | | Net Profit Attributable to Parent | 151.00 | 80.09 | 112.94% | | Net Profit Attributable to Parent (Excl. Non-recurring Items) | 146.00 | 97.97 | 204.00% | - The company's net profit margin for the first three quarters of 2025 is projected to be **20.94%**, an increase of **5.75 percentage points** compared to **15.20%** in the same period of 2024[2](index=2&type=chunk) [Unaudited Statement](index=1&type=section&id=(三)本次业绩预告未经注册会计师审计) This performance forecast represents preliminary estimates by the company's finance department and has not been audited by certified public accountants - This performance forecast has not been audited by certified public accountants[2](index=2&type=chunk) [Prior Period Performance Overview](index=1&type=section&id=二%E3%80%81上年同期业绩情况) This section provides key financial data for the first three quarters of the previous year, serving as a comparative baseline Key Financial Data for Q1-Q3 2024 | Indicator | Q1-Q3 2024 (million yuan) | | :--- | :--- | | Operating Revenue | 466.67 | | Total Profit | 71.03 | | Net Profit Attributable to Parent | 70.91 | | Net Profit Attributable to Parent (Excl. Non-recurring Items) | 48.03 | | Adjusted Earnings Per Share | 0.41 yuan | [Key Reasons for Current Period Performance Changes](index=2&type=section&id=三%E3%80%81本期业绩变化的主要原因) This section details the primary drivers behind the company's significant performance improvements, including strategic product development, market expansion, and increased R&D investment [Overall Performance Growth Drivers](index=2&type=section&id=整体业绩增长驱动) Leveraging technological and resource advantages, the company achieved high-speed performance growth driven by AI, with significant year-over-year increases in revenue and net profit, and record-high Q3 performance - Leveraging long-term accumulated technological and resource advantages, the company achieved high-speed operating performance growth empowered by AI technology, with operating revenue increasing by **54.50%** year-over-year and net profit increasing by **112.94%** year-over-year[6](index=6&type=chunk) - Third-quarter sales and net profit achieved both sequential and year-over-year growth, setting a new historical peak for the company's single-quarter performance[6](index=6&type=chunk) [Product and Market Expansion](index=2&type=section&id=产品与市场拓展) The company focused on AI transformation of edge products, increasing R&D investment and accelerating new product iterations, successfully promoting edge AI audio chips based on in-memory computing technology, and expanding market penetration for edge AI processor chips, low-latency high-fidelity wireless audio products, and Bluetooth speaker SoC chips - The company focused on the main theme of AI transformation for edge products, increasing R&D investment and accelerating new product iterations[7](index=7&type=chunk) - The first-generation in-memory computing-based edge AI audio chip was successfully promoted, with multiple leading brand projects initiated and moving towards mass production, and customer terminal products in the low-latency private wireless audio sector already in mass production[7](index=7&type=chunk) - Edge AI processor chips were successfully applied in high-end speakers and other products for leading audio brands, significantly increasing market penetration and achieving multi-fold growth in related sales revenue[7](index=7&type=chunk) - Demand for low-latency high-fidelity wireless audio products was strong, leading to rapid sales growth; penetration of Bluetooth speaker SoC chip series continued to increase among leading brands, enhancing both cooperation depth and product value[7](index=7&type=chunk) [R&D Investment and Technological Innovation](index=2&type=section&id=研发投入与技术创新) To meet customer demands for low power consumption and high computing power, the company continuously increased R&D investment, with R&D expenses growing by 21.55% year-over-year, and actively advanced in-memory computing technology iterations, including second-generation in-memory computing IP development and next-generation private protocol development, comprehensively enhancing technological competitiveness R&D Expenses | Indicator | Amount (million yuan) | YoY Growth Rate | | :--- | :--- | :--- | | Total R&D Expenses | 194 | 21.55% | - The company advanced continuous iteration of chip products, committed to the continuous empowerment of in-memory computing technology across all product lines, with smooth progress in ATW609X development for smart Bluetooth wearables[8](index=8&type=chunk) - Development of second-generation in-memory computing technology IP progressed steadily, aiming to achieve multi-fold increases in single-core NPU computing power for next-generation chips, significantly improving chip energy efficiency ratio, and fully supporting Transformer models[8](index=8&type=chunk) - Increased R&D investment in next-generation private protocols to enhance wireless transmission bandwidth, reduce latency, and improve anti-interference performance[8](index=8&type=chunk) - The company comprehensively enhanced its technological competitiveness across chip hardware computing power, wireless connectivity technology, audio algorithm upgrades, and development ecosystem[10](index=10&type=chunk) [Profitability Enhancement and Future Outlook](index=3&type=section&id=盈利能力提升与未来展望) The company improved gross profit margins by optimizing product structure and customer sales systems, and achieved economies of scale due to revenue growth outpacing expense growth, driving overall profit improvement. Future plans include continued increased R&D and promotion of edge AI technology - The company continuously optimized its product structure and customer sales system, steadily driving up overall gross profit margins[10](index=10&type=chunk) - Operating revenue growth significantly outpaced expense growth, generating economies of scale and effectively driving up overall profit levels[10](index=10&type=chunk) - In the future, the company will continue to closely align with downstream market demand, increase R&D and product promotion efforts for edge AI technology, and enhance the competitiveness of its product matrix[10](index=10&type=chunk) [Risk Warning](index=3&type=section&id=四%E3%80%81风险提示) This section highlights that the performance forecast is preliminary and unaudited, with no major uncertainties identified that would affect its accuracy - This performance forecast is a preliminary calculation by the company's finance department and has not been audited by certified public accountants[11](index=11&type=chunk) - The company has not identified any major uncertainties that would affect the accuracy of this performance forecast[11](index=11&type=chunk) [Other Explanatory Notes](index=3&type=section&id=五%E3%80%81其他说明事项) This section clarifies that the forecast data is preliminary and advises investors to exercise caution - The forecast data represents preliminary estimates only, and specific figures will be subject to the company's officially disclosed Q3 2025 report[12](index=12&type=chunk) - Investors are reminded to be aware of investment risks[12](index=12&type=chunk)

炬芯科技公告，预计2025年前三季度实现归属于母公司所有者的净利润为1.51亿元，与上年同期相比， 将增加8008.73万元，同比增长112.94%。预计2025年前三季度归属于母公司所有者扣除非经常性损益后 的净利润为1.46亿元，与上年同期相比，将增加9797.36万元，同比增长204.00%。公司前三季度净利率 预计为20.94%，相比2024年同期净利率15.20%增长5.75个百分点。报告期内，公司依托长期积累的技术 与资源优势实现突破，经营业绩高速增长。 ...

Core Viewpoint - The semiconductor sector is experiencing a rebound, with several companies reaching new highs and significant price increases [1] Company Performance - Ruvi Optoelectronics reached an intraday high [1] - Zhichun Technology hit the daily limit up [1] - Fuchuang Precision increased by over 10% [1] - Other companies such as Jinghe Integration, Jiangfeng Electronics, Aojie Technology, and Canxin Co. also saw price increases [1]

Core Insights - On October 9, Juchip Technology's stock rose by 0.80%, with a trading volume of 775 million yuan [1] - The company reported a net financing purchase of 41.03 million yuan on the same day, with a total financing balance of 539 million yuan, representing 4.91% of its market capitalization [1] Financing Overview - On October 9, Juchip Technology had a financing buy-in of 119 million yuan, with a repayment of 77.79 million yuan, resulting in a net buy-in of 41.03 million yuan [1] - The current financing balance of 539 million yuan is above the 90th percentile of the past year, indicating a high level of financing activity [1] Short Selling Overview - On October 9, there were no short sales or repayments, with a short selling balance of 0 shares, also indicating a high level of inactivity in this area [1] Company Profile - Juchip Technology, established on June 5, 2014, and listed on November 29, 2021, is located in Zhuhai, Guangdong Province [1] - The company specializes in the research, design, and sales of mid-to-high-end smart audio SoC chips, with revenue contributions from various product lines: 70.82% from smart wireless audio SoC chips, 18.80% from edge AI processor chips, and 10.31% from portable audio and video SoC chips [1] Financial Performance - For the first half of 2025, Juchip Technology reported a revenue of 449 million yuan, a year-on-year increase of 60.12%, and a net profit of 91.38 million yuan, up 123.19% year-on-year [2] - The company has distributed a total of 81.92 million yuan in dividends since its A-share listing [2] Shareholder Structure - As of June 30, 2025, Juchip Technology had 17,100 shareholders, an increase of 10.20% from the previous period, with an average of 8,544 circulating shares per shareholder, up 18.12% [2] - The top ten circulating shareholders include notable funds, with significant reductions in holdings for several of them [2]

Core Insights - The report from Guotou Securities highlights the shift in focus from broad applications to specific use cases in smart glasses, driven by technological advancements and cost constraints [1] - The smart glasses industry is entering a robust growth phase in 2023, following previous stages of technology validation, commercial trials, and product diversification [1] - AI glasses are emerging as a significant market segment, with Meta's Ray-Ban Meta leading the charge and expected to capture 98.68% of global AI glasses sales in 2024 [2] Smart Glasses Development - The development of smart glasses has gone through four phases: pre-2012 (technology validation), 2012-2016 (commercial trials), 2017-2022 (product diversification), and 2023 (robust growth) [1] - Smart glasses can be categorized based on optical display systems, with AI shooting glasses focusing on photography and voice interaction, VR glasses providing immersive experiences, and AR glasses overlaying virtual information on the real world [1] AI Glasses Market - AI glasses are characterized by the integration of cameras, Bluetooth controls, and voice interaction, sacrificing optical display for lightweight and low-cost designs [2] - The core logic of AI shooting glasses is to achieve portability and practicality for all-day wear, targeting markets previously dominated by action cameras [2] AR Glasses Insights - AR glasses utilize micro-displays and optical modules to project virtual images onto real-world scenes, categorized into viewing glasses and full-domain glasses [3] - Viewing glasses are lightweight and designed for portable viewing, while full-domain glasses are used for outdoor navigation and industrial applications, albeit at a higher price point [3] VR Glasses Overview - Traditional VR glasses focus on providing an immersive experience, primarily for gaming and viewing, with a market that is relatively mature [4] - The expected sales for traditional VR glasses in Q2 2025 is 1.26 million units, reflecting a year-on-year growth of 6.7% [4] Industry Chain and Competitive Landscape - The upstream sector focuses on chips, optical modules, and screens, with Micro OLED expected to become a primary solution for XR devices by 2030 [5] - In the midstream, Thunderbird Innovation holds a 50% market share in AI/AR glasses online sales, while PICO dominates the domestic VR market [5] - The downstream sector is supported by offline channels, with Doctor Glasses establishing over 100 smart display cabinets [5] Key Companies to Watch - Companies to monitor include Luxshare Precision and GoerTek in manufacturing, Sunny Optical Technology and OFILM in optics, and various firms in storage and display technologies [7]

Core Insights - On September 25, Juchip Technology's stock rose by 1.10%, with a trading volume of 730 million yuan [1] - The company reported a net financing purchase of 32.31 million yuan on the same day, with a total financing balance of 530 million yuan, representing 4.84% of its market capitalization [1] - Juchip Technology specializes in the research, design, and sales of mid-to-high-end smart audio SoC chips, with a revenue composition of 70.82% from smart wireless audio SoC chips [1] Financing and Shareholder Information - As of June 30, Juchip Technology had 17,100 shareholders, an increase of 10.20% from the previous period, with an average of 8,544 circulating shares per shareholder, up by 18.12% [2] - For the first half of 2025, the company achieved a revenue of 449 million yuan, a year-on-year increase of 60.12%, and a net profit of 91.38 million yuan, up by 123.19% [2] - The company has distributed a total of 81.92 million yuan in dividends since its A-share listing [2] Institutional Holdings - As of June 30, 2025, the second-largest circulating shareholder is Taixin Small and Medium Cap Selected Mixed Fund, holding 3 million shares, a decrease of 580,000 shares from the previous period [2] - The third-largest shareholder is Fortune New Industry Stock A/B, holding 2.74 million shares, down by 137,200 shares [2] - The fourth-largest shareholder is Xin'ao New Energy Industry Stock A, with 2.31 million shares, a decrease of 188,600 shares [2]

Core Viewpoint - The company, Juchip Technology (688049.SH), specializes in various semiconductor products, primarily focusing on smart wireless audio SoC chips, edge AI processor chips, and portable audio-video SoC chips, which are utilized in multiple consumer electronics applications [1] Product Overview - The main product lines include: - Smart wireless audio SoC chip series - Edge AI processor chip series - Portable audio-video SoC chip series [1] Application Areas - The products are primarily applied in: - Bluetooth speakers - Wireless microphones - Smart Bluetooth wearable devices - Wireless home theater audio systems - Wireless gaming headsets [1] Partnership Status - The company has not yet provided smart speaker chips to OpenAI [1]

Group 1 - The core viewpoint of the news is that Juchip Technology has seen a significant increase in stock price and trading volume, indicating positive market sentiment towards the company [1] - As of September 24, Juchip Technology's stock price rose by 5.03% to 61.78 yuan per share, with a trading volume of 747 million yuan and a turnover rate of 7.09%, resulting in a total market capitalization of 10.822 billion yuan [1] - The company, established on June 5, 2014, specializes in the research, design, and sales of mid-to-high-end smart audio SoC chips, with its main revenue sources being smart wireless audio SoC chips (70.82%), edge AI processor chips (18.80%), and portable audio and video SoC chips (10.31%) [1] Group 2 - From the perspective of fund holdings, Juchip Technology is the top holding of a fund under Southern Fund, specifically the Southern Big Data 100 Index A (001113), which held 238,000 shares, accounting for 1.15% of the fund's net value [2] - The Southern Big Data 100 Index A fund has a total scale of 1.237 billion yuan and has achieved a year-to-date return of 21.82%, ranking 2293 out of 4220 in its category, while its one-year return is 37.64%, ranking 2790 out of 3814 [2]

Core Viewpoint - Juchip Technology's stock rose by 5.03% on September 24, reaching 61.78 CNY per share, with a trading volume of 747 million CNY and a turnover rate of 7.09%, resulting in a total market capitalization of 10.822 billion CNY [1] Company Overview - Juchip Technology Co., Ltd. is located in Tangjiawan Town, Zhuhai, Guangdong Province, and was established on June 5, 2014, with its listing date on November 29, 2021 [1] - The company specializes in the research, design, and sales of mid-to-high-end smart audio SoC chips, with revenue composition as follows: 70.82% from smart wireless audio SoC chips, 18.80% from edge AI processor chips, 10.31% from portable audio and video SoC chips, and 0.06% from other sources [1] Shareholder Analysis - The top circulating shareholder of Juchip Technology is a fund under the Fortune Fund, specifically the Fortune Emerging Industries Stock A/B (001048), which reduced its holdings by 137,200 shares in the second quarter, now holding 2.7437 million shares, accounting for 1.88% of circulating shares [2] - The fund has achieved a year-to-date return of 69.9%, ranking 116 out of 4220 in its category, and a one-year return of 164.09%, ranking 28 out of 3814 [2] Fund Performance - The fund manager of Fortune Emerging Industries Stock A/B is Sun Quan, who has been in the position for 3 years and 210 days, with a total asset scale of 7.75 billion CNY and a best fund return of 111.87% during his tenure [3] - Another fund, Fortune Sci-Tech Innovation Board Two-Year Regular Open Mixed (506003), holds 1.0104 million shares of Juchip Technology, unchanged from the previous period, representing 5.51% of the fund's net value [4] - The fund manager of Fortune Sci-Tech Innovation Board Two-Year Regular Open Mixed is Zhao Wei, who has been managing the fund for 8 years and 99 days, with a total asset scale of 6.619 billion CNY and a best fund return of 190.69% during his tenure [5]

Group 1 - The company announced an adjustment to its cash dividend distribution for the first half of 2025, maintaining a cash dividend of 1.00 RMB per 10 shares (including tax) [2] - The total cash dividend amount has been adjusted from 17,418,747.60 RMB (including tax) to 17,428,049.50 RMB (including tax) [2]