钜泉科技(688391) - 2025 Q4 - 年度业绩

Financial Performance - In 2025, the total operating revenue was RMB 53,866.86 million, a decrease of 8.99% compared to the previous year[4] - The net profit attributable to the parent company was RMB 4,286.70 million, down 54.20% year-on-year[4] - The net profit attributable to the parent company after deducting non-recurring gains and losses was RMB 1,484.13 million, a decrease of 71.76% compared to the previous year[4] - The basic earnings per share were RMB 0.37, reflecting a decline of 53.75% year-on-year[4] - The weighted average return on net assets was 2.31%, a decrease of 2.54 percentage points compared to the previous year[4] Assets and Equity - The total assets at the end of 2025 were RMB 200,865.40 million, a decrease of 0.40% from the beginning of the year[6] - The equity attributable to the parent company was RMB 185,911.29 million, down 0.48% year-on-year[6] Research and Development - The company increased its R&D investment in smart grid chips, with R&D expenses rising by RMB 454.98 million compared to the previous year[7] Market Challenges - The operating profit decreased by 65.95%, primarily due to declining sales prices and increased R&D expenses[7] - The company faced challenges in the semiconductor market, including project cycle adjustments and intensified competition, leading to a decline in chip sales volume and gross margin[6]