芯原股份：第三季度净利润亏损2685.11万元

Core Insights - The company reported a record high revenue of 1.281 billion yuan for Q3 2025, marking a year-on-year increase of 78.38% and a quarter-on-quarter growth of 119.26% [1] - Despite the revenue growth, the company incurred a net loss of 26.85 million yuan in Q3 2025, with a total net loss of 347 million yuan for the first three quarters of 2025 [1] Revenue Breakdown - The chip design business generated 428 million yuan in revenue for Q3 2025, reflecting a quarter-on-quarter increase of 290.82% and a year-on-year increase of 80.23% [1] - The mass production business achieved revenue of 609 million yuan in Q3 2025, with a quarter-on-quarter growth of 132.77% and a year-on-year growth of 157.84% [1] Order Intake - The company secured new orders worth 1.593 billion yuan in Q3 2025, representing a significant year-on-year increase of 145.80%, with approximately 65% of these orders related to AI computing power [1] - For the first three quarters of 2025, the total new orders reached 3.249 billion yuan, surpassing the total new orders for the entire year of 2024 [1]