龙芯中科(688047) - 2025 Q2 - 季度财报

Definitions This section defines key terms, company names, and technical jargon to facilitate understanding of the report. Common Terminology Definitions This section defines key terms, company names, and technical jargon to facilitate understanding of the report. - Loongson Technology (the Company) refers to Loongson Technology Corporation Limited, with the reporting period being January-June 2025[9] - LoongArch is a new streamlined instruction system launched by Loongson Technology in 2020, widely applied in general-purpose fields such as servers, desktops, terminals, and industrial control[10] - Fabless mode refers to an integrated circuit enterprise operating model without its own wafer fabrication plants, focusing solely on chip design, R&D, application, and sales, while outsourcing manufacturing, packaging, and testing[10] Company Profile and Key Financial Indicators This section provides an overview of the company's basic information and key financial performance indicators. I. Company Overview Loongson Technology is an integrated circuit design firm registered in Beijing, with Hu Weiwu as its legal representative. - The company's Chinese name is Loongson Technology Corporation Limited, abbreviated as Loongson Technology[13] - The company's legal representative is Hu Weiwu, and its registered address is in Haidian District, Beijing[13] II. Contact Person and Information This section provides contact details for the Board Secretary and Securities Affairs Representative for investor inquiries. - The Board Secretary is Li Xiaoyu, and the Securities Affairs Representative is Li Lin; their contact number is 010-62546668, and email is ir@loongson.cn[14] III. Information Disclosure and Document Custody Location Changes The company designates specific newspapers and the SSE website for information disclosure, with documents available at the Board Office. - Information disclosure newspapers are China Securities Journal, Shanghai Securities News, and Securities Times; the website address is http://www.sse.com.cn/[15](index=15&type=chunk) IV. Company Stock/Depositary Receipt Summary The company's A-shares are listed on the STAR Market of the Shanghai Stock Exchange under stock code 688047. - The company's stock type is A-shares, listed on the STAR Market of the Shanghai Stock Exchange, with stock abbreviation Loongson Technology and stock code 688047[16] VI. Key Accounting Data and Financial Indicators In H1 2025, revenue grew by 10.90% to 243 million yuan, but net loss expanded to -294 million yuan, with gross margin at 42.44% and R&D intensity at 109.32%. 2025 Semi-Annual Key Accounting Data | Indicator | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 243,512,941.83 | 219,586,897.86 | 10.90 | | Total Profit | -297,569,415.19 | -277,072,472.79 | N/A | | Net Profit Attributable to Shareholders of the Listed Company | -294,468,226.53 | -238,129,943.62 | N/A | | Net Cash Flow from Operating Activities | -322,797,205.60 | -177,652,840.45 | N/A | | Net Assets Attributable to Shareholders of the Listed Company | 2,654,305,382.05 | 2,936,397,075.21 | -9.61 | | Total Assets | 3,167,764,447.66 | 3,497,483,392.20 | -9.43 | 2025 Semi-Annual Key Financial Indicators | Indicator | Current Period (Jan-Jun) | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Basic EPS (yuan/share) | -0.74 | -0.59 | N/A | | Weighted Average ROE (%) | -10.53 | -6.94 | Decrease 3.59 percentage points | | R&D Investment Ratio to Operating Revenue (%) | 109.32 | 126.07 | Decrease 16.75 percentage points | - Industrial control chip revenue increased by 61.09% year-on-year, information technology chip revenue increased by 5.01% year-on-year, and solution revenue decreased by 25.93% year-on-year[20] - The company's gross margin was 42.44%, an increase of 12.77 percentage points from the prior period, with industrial control chip gross margin at 65.45%, information technology chip gross margin at 23.95%, and solution gross margin at 45.20%[20] - The decrease in net profit was primarily due to the combined effects of increased R&D expenses, an increase of 98.17 million yuan in credit and asset impairment losses, and an increase of 35.84 million yuan in income tax expenses due to unrecognized deferred income tax assets[21] VIII. Non-Recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled 25.21 million yuan, primarily from government grants and fair value changes of financial assets. 2025 Semi-Annual Non-Recurring Gains and Losses Items | Non-Recurring Gains and Losses Item | Amount (yuan) | | :--- | :--- | | Non-current Asset Disposal Gains and Losses | 2,942.48 | | Government Grants Recognized in Current P&L | 19,841,785.78 | | Fair Value Changes and Disposal Gains/Losses from Financial Assets/Liabilities Held by Non-Financial Enterprises | 5,769,457.31 | | Other Non-Operating Income and Expenses Apart from the Above | -401,025.23 | | Total | 25,213,160.34 | [Management Discussion and Analysis](index=11&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%