炬芯科技营收预增54.5%扣非涨204% 研发费率27%

Core Viewpoint - The company, Juchip Technology, is experiencing rapid growth in its business performance, driven by advancements in AI technology and a focus on product innovation and development [1][3]. Financial Performance - For the first three quarters of 2025, Juchip Technology expects to achieve a revenue of 721 million yuan, representing a year-on-year increase of 54.50% [2][4]. - The net profit attributable to the parent company is projected to be 151 million yuan, reflecting a year-on-year growth of 112.94% [2][4]. - The net profit after deducting non-recurring gains and losses is anticipated to be 146 million yuan, showing a significant increase of 204% compared to the previous year [2][4]. - The company's net profit margin is expected to reach 20.94%, up from 15.20% in the same period last year, an increase of 5.75 percentage points [2]. Research and Development - Juchip Technology has increased its R&D investment to approximately 194 million yuan, a year-on-year growth of 21.55%, resulting in an R&D expense ratio of about 27% for the first three quarters [5][6]. - The company is focusing on the AI transformation of edge products and accelerating the iteration of new products to enhance operational results [4][6]. Market Performance - Since the end of September 2024, Juchip Technology's stock price has entered an "upward channel," increasing by over 270% in approximately one year [8]. - The company has successfully launched several projects with leading brands, with products in the low-latency private wireless audio sector already entering mass production [6][8]. Dividend and Share Buyback - Juchip Technology plans to distribute a cash dividend of 1 yuan per 10 shares, amounting to approximately 17.43 million yuan, which represents 19.07% of the net profit attributable to shareholders for the first half of 2025 [6][7]. - Historically, the company has distributed dividends three times since its listing, totaling 82 million yuan [7].