DAWEI(SZ:002213) Quan Jing Wang·2025-10-24 10:51Core Viewpoint - The company reported a steady growth in revenue for the first three quarters of 2025, achieving 879 million yuan, a year-on-year increase of 9.90%, driven by the dual core segments of "Storage + Smart Terminals" and "New Energy + Automotive" [1] Group 1: Storage + Smart Terminals - The "Storage + Smart Terminals" segment generated 794 million yuan in revenue, a significant year-on-year increase of 28.68%, accounting for 90.33% of total revenue, reinforcing the company's competitive advantage in the industry [1][2] - The subsidiary, Dawi Chuangxin, is enhancing its product line, with stable shipments of DDR3, DDR4, and LPDDR4X series products, and LPDDR4X products have been certified by major SoC platforms, contributing to increased shipments [1][2] - The company invested 30 million yuan to establish Shanghai Dawi Jiemin Technology Co., focusing on semiconductor storage technology R&D, and is strengthening its supply chain with both international and domestic partnerships [2] Group 2: New Energy + Automotive - The "New Energy + Automotive" segment reported approximately 85 million yuan in revenue, becoming an important supplement to the company's overall performance [3] - The automotive business is solidifying its core product competitiveness, with electric retarder and hydraulic retarder contributing over 60% of sales, and expanding into the Southeast Asian and Middle Eastern markets [3] - The company achieved a milestone in its lithium battery project, with significant resource reserves confirmed, enabling large-scale open-pit mining and providing material security for future operations [4] Group 3: Future Outlook - The company plans to increase R&D investment in both segments, focusing on the mass production of LPDDR5 and high-end mobile storage solutions, while accelerating lithium mining preparations [5]