澜起科技前三季度净利润同比增长67% 互连类芯片出货量显著增加

Core Insights - The company reported strong financial performance in Q3 2025, with revenue reaching 1.424 billion yuan, a year-on-year increase of 57.22% [1] - Net profit attributable to shareholders was 473 million yuan, up 22.94% year-on-year, while net profit excluding share-based payment expenses surged by 105.78% to 811 million yuan [1] - The interconnect chip product line generated sales of 1.371 billion yuan, reflecting a 61.59% year-on-year growth [1] Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 4.058 billion yuan, a 57.83% increase compared to the previous year [3] - Net profit attributable to shareholders for the same period was 1.632 billion yuan, up 66.89% year-on-year, with net profit excluding share-based payment expenses reaching 2.144 billion yuan, a 112.46% increase [3] - The interconnect chip product line's revenue for the first three quarters was 3.832 billion yuan, a 61.21% increase, with a gross margin of 64.83% [3] Product Development - The company launched several new products, including the CXL3.1 memory expansion controller chip, which supports CXL.mem and CXL.io protocols, aimed at enhancing data center server performance [2] - The CXL3.1MXC chip is designed to address bandwidth and scalability issues in traditional memory architectures, facilitating efficient memory resource allocation [2] - The company also advanced its clock buffer and spread spectrum oscillator products into the customer sampling phase, targeting high-performance applications in various sectors [2] Market Position - The company continues to maintain its leading position in the industry, particularly with the DDR5 memory interface chip series, which has seen significant sales growth [1] - The sales revenue of the third-generation DDR5 RCD chip surpassed that of the second generation for the first time, indicating strong market demand [1]