龙芯中科：1Xnm的3B6600，实测性能会超过很多7nmCPU

Core Insights - Longxin Zhongke is transitioning from the desktop CPU market to the server CPU market, believing that their 1Xnm 3B6600 desktop CPU will outperform many 7nm CPUs in terms of performance [3] - The company has faced significant revenue declines in 2022 and 2023, attributing this to both market stagnation and internal product competitiveness issues, prompting a three-year R&D transformation focused on improving product cost-performance ratio and software ecosystem [4][5] - Longxin's strategy includes enhancing sales management and market expansion, particularly in traditional sectors like government and security applications, while also addressing the emerging price competition in the desktop CPU market [5][6] Financial Performance - In 2024, Longxin Zhongke reported a revenue of 504 million yuan, a slight decrease of 0.3% year-on-year, with a net loss widening from 329 million yuan to 625 million yuan [7] - The fourth quarter showed a revenue increase of 76.4% year-on-year, but net losses also expanded, indicating ongoing financial challenges despite some revenue growth [7][8] - The company experienced a significant decline in its industrial control chip revenue, down 44.56% year-on-year, while information technology chip revenue surged by 193.70% due to increased sales [8] Product Development and Market Strategy - Longxin's first independent graphics card, the 9A1000, is positioned for entry-level markets and aims to meet specific business needs where integrated graphics are insufficient, with a planned design completion in the first half of the year [4] - The company is focusing on the development of its "Three Swordsmen" and "Three Elite Soldiers" product lines, which are expected to enhance market competitiveness [4][5] - Longxin's self-developed core IP allows for customization and cost reduction, with significant improvements in chip performance and area efficiency, such as a 20% reduction in silicon area and a 60% increase in single-core performance for the 3A6000 compared to its predecessor [5][6]