Yuanjie Semiconductor Technology (SH:688498) Ju Chao Zi Xun·2025-10-30 08:49Core Insights - The company reported significant growth in revenue, total profit, and net profit due to the ongoing expansion of the data center market and optimization of its product structure [1][4]. Financial Performance - In Q3 2025, the company achieved a revenue of 178 million yuan, a substantial increase of 207.31% compared to the same period last year; year-to-date revenue reached 383 million yuan, up 115.09% [1][3]. - Total profit for the reporting period was 67 million yuan, with a year-to-date total profit of 117 million yuan, both showing significant growth [1][3]. - Net profit attributable to shareholders was 60 million yuan for the reporting period, with a cumulative net profit of 106 million yuan year-to-date; the net profit excluding non-recurring items was 51 million yuan for Q3 and 97 million yuan year-to-date, indicating strong improvement in core business profitability [3][4]. Market and Product Development - The growth in performance is primarily driven by the rapid development of the data center market, particularly the gradual ramp-up of CW silicon photonic products [3][4]. - The company has optimized its product structure, increasing the proportion of high-margin businesses, which directly contributed to revenue and profit growth [3][4]. Research and Development - R&D investment significantly increased, totaling 28 million yuan for the reporting period, a year-on-year growth of 100.51%; cumulative R&D investment reached 55 million yuan year-to-date, up 51.97% [3][4]. - Although the proportion of R&D investment relative to revenue decreased (15.71% for the reporting period, down 8.37 percentage points year-on-year; 14.28% year-to-date, down 5.94 percentage points year-on-year), the absolute increase reflects the company's ongoing commitment to technological innovation [3][4]. Financial Health - Basic and diluted earnings per share for the reporting period were both 0.69 yuan, with year-to-date figures at 1.23 yuan; the weighted average return on equity was 2.82% for the reporting period, an increase of 3.36 percentage points year-on-year, and 4.97% year-to-date, up 5.00 percentage points year-on-year [4]. - As of the end of the reporting period, total assets amounted to 2.388 billion yuan, an increase of 11.22% compared to the end of the previous year; equity attributable to shareholders was 2.171 billion yuan, up 4.76% year-on-year, indicating a solid financial structure and foundation for sustainable development [4].