资料显示，上海安路信息科技股份有限公司位于中国(上海)自由贸易试验区中科路1867号C座8、11、12 层，成立日期2011年11月18日，上市日期2021年11月12日，公司主营业务涉及FPGA芯片和专用EDA软 件的研发、设计和销售。主营业务收入构成为：芯片销售收入89.36%，技术服务收入8.32%，其他(补 充)2.32%。 融券方面，安路科技11月14日融券偿还600.00股，融券卖出800.00股，按当日收盘价计算，卖出金额 2.11万元；融券余量1.04万股，融券余额27.46万元，低于近一年10%分位水平，处于低位。 机构持仓方面，截止2025年9月30日，安路科技十大流通股东中，香港中央结算有限公司位居第九大流 通股东，持股529.14万股，为新进股东。银河创新混合A（519674）退出十大流通股东之列。 截至9月30日，安路科技股东户数1.53万，较上期增加6.57%；人均流通股26195股，较上期减少6.17%。 2025年1月-9月，安路科技实现营业收入3.68亿元，同比减少25.79%；归母净利润-1.91亿元，同比减少 21.08%。 融资方面，安路科技当日融资买入1061.35万 ...

截至9月30日，安路科技股东户数1.53万，较上期增加6.57%；人均流通股26195股，较上期减少6.17%。 2025年1月-9月，安路科技实现营业收入3.68亿元，同比减少25.79%；归母净利润-1.91亿元，同比减少 21.08%。 机构持仓方面，截止2025年9月30日，安路科技十大流通股东中，香港中央结算有限公司位居第九大流 通股东，持股529.14万股，为新进股东。银河创新混合A（519674）退出十大流通股东之列。 责任编辑：小浪快报 11月11日，安路科技涨0.00%，成交额1.10亿元。两融数据显示，当日安路科技获融资买入额807.29万 元，融资偿还691.69万元，融资净买入115.60万元。截至11月11日，安路科技融资融券余额合计2.14亿 元。 融资方面，安路科技当日融资买入807.29万元。当前融资余额2.13亿元，占流通市值的1.97%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，安路科技11月11日融券偿还200.00股，融券卖出500.00股，按当日收盘价计算，卖出金额 1.35万元；融券余量8701.00股，融券余额23.48万元，低于近一年10%分位水 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： （网址：http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 证券代码：688107 证券简称：安路科技 公告编号：2025-036 上海安路信息科技股份有限公司 关于参加 2025 年上海辖区上市公司三季报集体业绩说明会的公告 投资者可于 2025 年 11 月 6 日（星期四）至 2025 年 11 月 12 日（星期三） 前登录"上证路演中心"网站主页点击"提问预征集"栏目或通过公司邮箱 Public@anlogic.com 进行提问。公司将在业绩说明会上对投资者普遍关注的问 题进行回答。 上海安路信息科技股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日对外披露了公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解 公司 2025 年第三季度的经营成果、财务状况、发展理念等，公司将参加 2025 年上海辖区上市公司三季报集体业绩说明会，就投资者关心的问题进行交流。 一、 说明会类 ...

Core Insights - The latest investment direction of the "National Big Fund" has emerged, with 30 A-share listed companies having the fund as a significant shareholder [1] Group 1: Investment Holdings - The "National Big Fund" has significant holdings in companies such as Northern Huachuang, Hushi Silicon Industry, and Tuojing Technology, among others [1] - The fund's investments are primarily in the semiconductor and integrated circuit sectors, reflecting a strategic focus on these industries [1] Group 2: Company Performance - Northern Huachuang reported a Q3 revenue of 11.16 billion yuan, a year-on-year increase of 38.31%, with a net profit of 1.92 billion yuan, up 14.60% [3] - Hushi Silicon Industry achieved a Q3 revenue of 944 million yuan, a 3.79% increase, but reported a net loss of 265 million yuan [4] - Tuojing Technology saw a significant Q3 revenue increase of 124.15% to 2.27 billion yuan, with a net profit of 462 million yuan, up 225.07% [5]

Core Insights - Anlu Technology (688107) reported a total revenue of 368 million yuan for the first three quarters of 2025, with Q3 revenue reaching 145 million yuan, reflecting an 11.42% quarter-on-quarter increase, indicating a steady growth trend [1] - The gross margin for the first three quarters was 43.86%, up by 12.91 percentage points year-on-year, driven by a recovery in terminal demand and the gradual ramp-up of new products [1] - The company has made significant breakthroughs in emerging fields such as power and new energy, intelligent computing center servers, and automotive electronics, which have become new growth engines for performance [1] Financial Performance - The inventory reduction efforts have shown improvement, with inventory decreasing by 9.50% compared to the beginning of the year [1] - R&D investment totaled 256 million yuan for the first three quarters, accounting for 69.45% of revenue, emphasizing the company's commitment to R&D as a core strategy [1] R&D Focus - Anlu Technology's R&D resources are primarily directed towards new product development, EDA software iteration, and IP expansion [2] - The product matrix includes three major series: SALPHOENIX, SALDRAGON, and SALELF, catering to a multi-tier market demand from high-performance to low-cost solutions [2] Market Outlook - The global FPGA market is projected to grow at a compound annual growth rate of approximately 10% from 2024 to 2030, with the market size expected to exceed 15 billion USD by 2030, driven by emerging applications in AI edge computing and automotive electronics [2] - In the automotive electronics sector, Anlu Technology has established a complete technology chain and achieved AEC-Q100 Grade 2 automotive certification, with some automotive products being mass-produced by major domestic car manufacturers [2] - The intelligent computing center server market has seen Anlu's chips successfully enter several leading internet companies, with product performance and stability gaining market recognition, suggesting a potential for continued revenue growth in this area [2]

Core Insights - Anlu Technology reported a significant decline in revenue and net profit for the first three quarters of 2025, with total revenue at 368 million yuan, down 25.79% year-on-year, and a net loss of 191 million yuan, down 21.08% year-on-year [1][2] Financial Performance - The basic earnings per share for the reporting period was -0.48 yuan, with a weighted average return on equity of -17.07% [2] - The company's gross margin for the first three quarters was 43.86%, an increase of 12.91 percentage points year-on-year, while the net margin was -51.93%, a decrease of 20.10 percentage points year-on-year [2] - In Q3 2025, the gross margin was 42.79%, up 15.85 percentage points year-on-year but down 3.58 percentage points quarter-on-quarter; the net margin was -33.71%, down 13.69 percentage points year-on-year but up 29.34 percentage points quarter-on-quarter [2] Expense Analysis - Total operating expenses for the period were 316 million yuan, a decrease of 24.96 million yuan year-on-year; the expense ratio was 85.89%, an increase of 17.12 percentage points year-on-year [2] - Sales expenses increased by 15.24% year-on-year, management expenses rose by 0.90%, R&D expenses decreased by 10.41%, and financial expenses surged by 93.87% year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 15,300, an increase of 3,067 or 25.07% from the end of the previous half [3] - The average market value per shareholder decreased from 925,200 yuan to 845,600 yuan, a decline of 8.60% [3] Company Overview - Anlu Technology, established on November 18, 2011, and listed on November 12, 2021, is located in the China (Shanghai) Pilot Free Trade Zone [3] - The company specializes in the research, design, and sales of FPGA chips and dedicated EDA software, with 89.36% of its revenue coming from chip sales, 8.32% from technical services, and 2.32% from other sources [3] - Anlu Technology is classified under the semiconductor industry, specifically in digital chip design, and is associated with concepts such as specialized and innovative enterprises, mid-cap stocks, EDA concepts, semiconductors, and automotive chips [3]

Group 1 - The core viewpoint of the article is that Anlu Technology (688107.SH) reported a significant decline in revenue and an increase in net loss for the first three quarters of 2025 compared to the previous year [1] Group 2 - For the first three quarters of 2025, the company achieved total operating revenue of 368 million yuan, representing a year-on-year decrease of 25.79% [1] - The net profit attributable to shareholders of the parent company was -191 million yuan, which is an increase in loss of 33.29 million yuan compared to the same period last year [1] - The basic earnings per share were -0.4771 yuan [1]

Group 1 - Company Anlu Technology (SH 688107) reported a revenue of approximately 368 million yuan for the first three quarters of 2025, representing a year-on-year decrease of 25.79% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 191 million yuan [1] - The basic earnings per share were a loss of 0.4771 yuan [1] Group 2 - As of the report date, the market capitalization of Anlu Technology was 11.6 billion yuan [2]

Financial Performance - The company's operating revenue for Q3 2025 was ¥144,898,308, a decrease of 18.95% compared to the same period last year, and a year-to-date revenue of ¥368,240,800, down 25.79% year-on-year[3]. - The total profit for the period was a loss of ¥48,842,847, with a year-to-date loss of ¥191,234,113, indicating significant financial challenges[3]. - The net profit attributable to shareholders was also a loss of ¥48,842,847 for the quarter and ¥191,234,113 year-to-date, reflecting ongoing operational difficulties[3]. - Total operating revenue for the first three quarters of 2025 was ¥368,240,800.05, a decrease of 26.0% compared to ¥496,228,919.51 in the same period of 2024[17]. - Net loss for the first three quarters of 2025 was ¥191,234,113.34, compared to a net loss of ¥157,939,950.90 in the same period of 2024, representing an increase in loss of 21.0%[18]. - Basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.4771, compared to -¥0.3940 in the same period of 2024[19]. Research and Development - Research and development expenses totaled ¥81,882,990, a decrease of 12.13% from the previous year, but accounted for 56.51% of operating revenue, an increase of 4.39 percentage points[4]. - The company is focusing on maintaining high R&D investment despite revenue declines, aiming to support future growth and product development[8]. - Research and development expenses for the first three quarters of 2025 were ¥255,728,703.12, a decrease of 10.4% from ¥285,430,141.51 in 2024[18]. Cash Flow and Liquidity - The cash flow from operating activities was negative, with a year-to-date net cash flow of -¥90,883,913, reflecting increased payments to suppliers[3][8]. - Cash flow from operating activities for the first three quarters of 2025 was a net outflow of ¥90,883,913.42, compared to a net outflow of ¥21,006,771.67 in 2024[21]. - Cash and cash equivalents dropped significantly from RMB 218,542,869.42 to RMB 95,084,771.87, a decline of approximately 56.5%[13]. - Cash and cash equivalents at the end of the period totaled $95,084,771.87, down from $232,712,858.38 year-over-year[22]. - The net increase in cash and cash equivalents was -$20,938,097.55, compared to -$57,742,253.47 in the previous period[22]. Assets and Liabilities - Total assets decreased by 15.43% to ¥1,174,042,428 compared to the end of the previous year, while equity attributable to shareholders fell by 15.70% to ¥1,024,641,674[4]. - Total current liabilities decreased slightly from RMB 143,992,037.93 to RMB 134,779,832.07, a decline of approximately 6.5%[14]. - The company reported a significant increase in accounts payable from RMB 34,530,484.02 to RMB 52,044,762.41, an increase of approximately 50.5%[14]. - Long-term liabilities related to lease obligations decreased from RMB 7,288,845.19 to RMB 2,596,016.58, a reduction of about 64.4%[14]. - Total liabilities as of the end of the reporting period were ¥149,400,753.73, down from ¥172,797,612.20 in the previous year[15]. - Total equity attributable to shareholders of the parent company was ¥1,024,641,674.44, a decrease from ¥1,215,532,127.10 in 2024[15]. Shareholder Information - The top shareholder, Huada Semiconductor Co., Ltd., holds 29.11% of the shares, totaling 116,691,243 shares[10]. - The company has not reported any significant changes in the participation of major shareholders in margin trading or securities lending activities[11]. Other Information - Non-recurring gains for the period amounted to ¥2,123,620, with government subsidies contributing ¥431,027, indicating some support for operations[6][8]. - The company did not apply new accounting standards starting from 2025[23]. - The announcement was made by the board of Shanghai Anlu Information Technology Co., Ltd. on October 27, 2025[24].

Core Insights - The AI industry is experiencing significant growth, driven by advancements in technology and increasing demand for AI applications across various sectors [5][6] - Major companies are investing heavily in AI infrastructure, with Meta investing $1.5 billion in a new data center in Texas and BlackRock and NVIDIA collaborating on a $40 billion acquisition of a data center operator [4] - The domestic AI chip industry is seeing a breakthrough, with a complete supply chain established from advanced processes to model acceleration by major companies like ByteDance, Alibaba, and Tencent [6] Market Performance - The Shanghai Stock Exchange Sci-Tech Innovation Board AI Index fell by 2.08%, with key stocks like Chipone Technology and Cambricon Technologies leading the decline [3] - The Sci-Tech AI ETF (588790) decreased by 2.11%, currently priced at 0.79 yuan, but has seen a 37.54% increase over the past three months [3] Investment Trends - The Sci-Tech AI ETF has shown significant growth, with a recent increase of 1.753 billion yuan in scale and a 3.690 billion share increase over the past six months, ranking first among comparable funds [7] - The ETF is designed to provide exposure to the entire AI industry chain, including hardware, models, and applications, benefiting from strong policy support for domestic chip penetration [7][8] Industry Developments - The Ministry of Industry and Information Technology has initiated a special action for "millisecond computing" in urban areas, indicating a push towards enhancing computational efficiency [4] - The AI sector is expected to continue expanding, with companies like Tencent and Alibaba showing strong growth in advertising and cloud services, indicating a positive outlook for technology stocks [5]