炬芯科技(688049) - 2025 Q3 - 季度业绩预告

Current Period Performance Forecast 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 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] Performance Forecast Details 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] Unaudited Statement 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] Prior Period Performance Overview 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 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 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] - 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] Product and Market Expansion 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] - 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] - 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] - 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] R&D Investment and Technological Innovation 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] - 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] - Increased R&D investment in next-generation private protocols to enhance wireless transmission bandwidth, reduce latency, and improve anti-interference performance[8] - The company comprehensively enhanced its technological competitiveness across chip hardware computing power, wireless connectivity technology, audio algorithm upgrades, and development ecosystem[10] Profitability Enhancement and Future Outlook 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] - Operating revenue growth significantly outpaced expense growth, generating economies of scale and effectively driving up overall profit levels[10] - 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] Risk Warning 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] - The company has not identified any major uncertainties that would affect the accuracy of this performance forecast[11] Other Explanatory Notes 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] - Investors are reminded to be aware of investment risks[12]