力芯微Q3实现营收2.13亿元，研发投入同比增长36.89%

Core Insights - The company reported a year-on-year increase in revenue for Q3 2025, but net profit declined significantly due to intensified industry competition, varying recovery rates in downstream demand, and substantial increases in R&D investment [2][3] Financial Performance - In Q3 2025, the company achieved operating revenue of 213.10 million yuan, a 10.17% increase compared to the same period last year; however, net profit attributable to shareholders was 12.05 million yuan, down 45.41% year-on-year [2][3] - For the year-to-date period (January to September 2025), total revenue was 564.50 million yuan, a decrease of 6.69% year-on-year, while net profit attributable to shareholders fell to 28.73 million yuan, down 71.40% [3] R&D Investment - The company increased its R&D investment to 49.58 million yuan in Q3 2025, a 36.89% year-on-year growth, representing 23.27% of operating revenue, up 4.54 percentage points from the previous year [4] - Cumulatively, R&D investment for the year-to-date period reached 143 million yuan, a 45.99% increase year-on-year, accounting for 25.38% of operating revenue, an increase of 9.16 percentage points [4] Cash Flow and Financial Stability - For the first nine months of 2025, the net cash flow from operating activities was 13.24 million yuan, a decline of 85.66% year-on-year, primarily due to fluctuations in operating performance [5] - As of September 30, 2025, total assets were 1.449 billion yuan, a slight decrease of 0.55% from the end of the previous year, while equity attributable to shareholders was 1.241 billion yuan, down 1.91% [5]