Anlogic(SH:688107) Xin Lang Cai Jing·2025-10-28 10:05Core Insights - Anlu Technology reported a significant decline in revenue and net profit for the first three quarters of 2025, with total revenue at 368 million yuan, down 25.79% year-on-year, and a net loss of 191 million yuan, down 21.08% year-on-year [1][2] Financial Performance - The basic earnings per share for the reporting period was -0.48 yuan, with a weighted average return on equity of -17.07% [2] - The company's gross margin for the first three quarters was 43.86%, an increase of 12.91 percentage points year-on-year, while the net margin was -51.93%, a decrease of 20.10 percentage points year-on-year [2] - In Q3 2025, the gross margin was 42.79%, up 15.85 percentage points year-on-year but down 3.58 percentage points quarter-on-quarter; the net margin was -33.71%, down 13.69 percentage points year-on-year but up 29.34 percentage points quarter-on-quarter [2] Expense Analysis - Total operating expenses for the period were 316 million yuan, a decrease of 24.96 million yuan year-on-year; the expense ratio was 85.89%, an increase of 17.12 percentage points year-on-year [2] - Sales expenses increased by 15.24% year-on-year, management expenses rose by 0.90%, R&D expenses decreased by 10.41%, and financial expenses surged by 93.87% year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 15,300, an increase of 3,067 or 25.07% from the end of the previous half [3] - The average market value per shareholder decreased from 925,200 yuan to 845,600 yuan, a decline of 8.60% [3] Company Overview - Anlu Technology, established on November 18, 2011, and listed on November 12, 2021, is located in the China (Shanghai) Pilot Free Trade Zone [3] - The company specializes in the research, design, and sales of FPGA chips and dedicated EDA software, with 89.36% of its revenue coming from chip sales, 8.32% from technical services, and 2.32% from other sources [3] - Anlu Technology is classified under the semiconductor industry, specifically in digital chip design, and is associated with concepts such as specialized and innovative enterprises, mid-cap stocks, EDA concepts, semiconductors, and automotive chips [3]