JINGJIA MICRO(SZ:300474) Xin Lang Cai Jing·2025-10-31 12:10Core Viewpoint - Jingjia Micro is a leading domestic GPU company focused on high-reliability military electronic products, with a significant emphasis on independent graphic processing chip technology [1] Group 1: Business Performance - In Q3 2025, Jingjia Micro achieved revenue of 495 million yuan, ranking 37th in the industry, significantly lower than the top competitors AVIC Chengfei at 48.286 billion yuan and AVIC Optoelectronics at 15.838 billion yuan [2] - The net profit for the same period was -72.53 million yuan, placing the company 50th in the industry, far behind the leading firms [2] Group 2: Financial Ratios - As of Q3 2025, Jingjia Micro's debt-to-asset ratio was 10.32%, down from 12.68% year-on-year, and significantly lower than the industry average of 32.84%, indicating lower debt pressure [3] - The gross profit margin for Q3 2025 was 45.73%, although it decreased from 53.85% year-on-year, it remains above the industry average of 34.84% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.43% to 104,700, with an average holding of 3,883.5 shares, a decrease of 1.41% [5] - Major shareholders include E Fund's ChiNext ETF and Southern CSI 500 ETF, both of which saw a reduction in their holdings [5] Group 4: Strategic Developments - The company is focusing on high investment in R&D, particularly in GPU technology and AI chip development, with plans to become the controlling shareholder of Chengheng Micro, which specializes in edge AI chip design [5][6] - The company aims to maintain a dual-driven model of "GPU + edge AI chips" to enhance growth prospects [6]