Workflow
思瑞浦前三季度实现归母净利润破亿 “四梁”市场布局带来广阔增长空间

Core Viewpoint - The financial performance of the company, Si Rui Pu, has shown significant growth in the third quarter of 2025, continuing the trend from the first half of the year, with substantial increases in revenue and net profit [1][2]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 1.531 billion yuan, a year-on-year increase of 80.47% [1] - The net profit attributable to shareholders reached 126 million yuan, an increase of 225 million yuan compared to the same period last year, representing a growth of over 140% [1] - The net cash flow from operating activities was 127 million yuan, a year-on-year increase of 634.88% [1] - In Q3 2025, the company reported operating revenue of 582 million yuan, a year-on-year increase of 70.29% and a quarter-on-quarter increase of 10.29% [1] - The net profit attributable to shareholders for Q3 was 60 million yuan, an increase of 93 million yuan year-on-year, with a quarter-on-quarter growth of 20.35% [1] - The comprehensive gross margin for Q3 was 46.60%, an increase of 0.26 percentage points from the previous quarter [1] Business Segments - In the first three quarters, revenue from signal chain chip products was 1.012 billion yuan, a year-on-year increase of 42.64%, while revenue from power management chip products reached 517 million yuan, a significant increase of 274.08% [2] - The company is transitioning from a focus on wireless communication to a broader industrial base, with a comprehensive layout in automotive, communication, and consumer markets [2] - The automotive segment saw rapid revenue growth in Q3, with a doubling of the number of large-scale revenue customers [2] - The consumer segment experienced over 3.5 times year-on-year revenue growth in the first three quarters, with continued growth in Q3 [2] Strategic Outlook - The company plans to continue focusing on core application areas such as industrial, automotive, communication, and consumer sectors, while actively exploring domestic and international growth opportunities [3] - Following the acquisition of Shenzhen Chuangxinwei, the company has achieved external growth, with Chuangxinwei reporting over 22% revenue growth in the first three quarters [3] - The company aims to enhance its market share in key segments through increased R&D investment and efficient management across various operational areas [3]