Actions(SH:688049) Chang Jiang Shang Bao·2025-10-14 23:48Core Viewpoint - Yuchip Technology (688049.SH) demonstrates significant growth in operating performance, driven by AI technology and increased R&D investment, with a projected revenue of 721 million yuan and a net profit of 151 million yuan for the first three quarters of 2025, reflecting year-on-year increases of 54.50% and 112.94% respectively [1][2][3] Financial Performance - The company expects to achieve an operating revenue of 721 million yuan for the first three quarters of 2025, an increase of 254 million yuan compared to the same period last year, representing a growth of 54.50% [2] - The projected net profit attributable to the parent company is 151 million yuan, an increase of 80.09 million yuan year-on-year, which translates to a growth of 112.94% [2] - The net profit after deducting non-recurring gains and losses is expected to be 146 million yuan, showing a remarkable increase of 204% year-on-year [2] - The net profit margin for the first three quarters of 2025 is projected to be 20.94%, up 5.75 percentage points from 15.20% in the same period of 2024 [2] R&D Investment - Yuchip Technology has increased its R&D investment to approximately 194 million yuan for the first three quarters of 2025, marking a year-on-year growth of 21.55% [4][5] - The R&D expense ratio for the first three quarters is approximately 27% [5] Market Performance - Since the end of September 2024, Yuchip Technology's stock price has entered an "upward channel," increasing by over 270% in about a year [1][8] Product Development - The company is focusing on AI transformation of edge products, with successful advancements in the development of the ATW609X chip for smart Bluetooth wearables [6] - Yuchip Technology is promoting its first-generation in-memory computing technology for edge AI audio chips, with multiple projects from leading brands successfully initiated and set to enter mass production soon [6] - The second-generation in-memory computing technology IP development is progressing as planned, aiming to significantly enhance chip performance and energy efficiency [6] Dividend and Share Buyback - Yuchip Technology plans to distribute a cash dividend of 1 yuan per 10 shares, totaling approximately 17.43 million yuan, which accounts for 19.07% of the net profit attributable to shareholders for the first half of 2025 [6][7] - The company has historically distributed dividends three times since its listing, totaling 82 million yuan, and has conducted share buybacks amounting to approximately 23.14 million yuan [7]