Rockchip(SH:603893) Xin Lang Cai Jing·2025-10-31 00:39Core Insights - The company reported a revenue of 3.141 billion yuan for the first three quarters of 2025, showing a year-on-year increase of 45.46% [1] - The gross profit margin for the same period was 41.77%, up by 5.25 percentage points year-on-year [1] - The net profit attributable to shareholders reached 780 million yuan, reflecting a significant year-on-year growth of 121.65% [1] Financial Performance - In Q3 2025, the company achieved a revenue of 1.096 billion yuan, which is a year-on-year increase of 20.26% but a quarter-on-quarter decrease of 5.63% [1] - The gross profit margin for Q3 was 40.8%, an increase of 3.46 percentage points year-on-year but a decrease of 2.52 percentage points quarter-on-quarter [1] - The net profit margin for Q3 stood at 22.68%, up by 4.14 percentage points year-on-year but down by 5.03 percentage points quarter-on-quarter [1] Product Development - The company showcased two new AI products, the RK1828 co-processor and the RV1126BJ industrial vision chip, at the 25th China International Industrial Expo [2] - The RK1828 co-processor supports high bandwidth DRAM and can achieve inference outputs of 100 tokens/s, catering to real-time deployment needs for large models [2] - The RV1126BJ chip features a quad-core A53 architecture and supports multi-precision inference, enabling high-precision visual recognition in various industrial applications [2] Market Strategy - The company is transitioning from edge computing chips to an edge AI platform ecosystem, enhancing its product matrix with "computing power + perception" capabilities [2] - The showcased robots and smart cockpit solutions based on RK3588 and RK182X series chips cover a wide range of applications from industrial to consumer levels [3] - The company aims to capture market opportunities in emerging intelligent applications such as automotive electronics, robotics, and machine vision with its high-performance chips [4] Revenue Forecast - The company is projected to achieve revenues of 4.371 billion yuan, 5.558 billion yuan, and 6.962 billion yuan for the years 2025, 2026, and 2027, respectively [4] - The net profit attributable to shareholders is expected to be 1.06 billion yuan, 1.45 billion yuan, and 1.87 billion yuan for the same years [4]