澜起科技股份有限公司

Core Viewpoint - The company reported strong financial performance in Q3 2025, driven by the booming AI industry and increased demand for its products, achieving record highs in revenue and net profit [4][5]. Financial Performance - In Q3 2025, the company achieved operating revenue of 1.424 billion yuan, a year-on-year increase of 57.22% [4]. - The net profit attributable to the parent company was 473 million yuan, up 22.94% year-on-year [4]. - After excluding share-based payment expenses, the net profit attributable to the parent company was 811 million yuan, reflecting a significant year-on-year growth of 105.78% and a quarter-on-quarter increase of 10.96% [5]. Product Line Performance - The sales revenue from interconnect chip products reached 1.371 billion yuan, marking a year-on-year increase of 61.59% and a quarter-on-quarter growth of 3.78% [4]. - The gross margin for the interconnect chip product line was 65.69%, with a quarter-on-quarter increase of 1.48 percentage points [4]. - The company maintained its industry-leading position with the continuous iteration of DDR5 memory interface chips, with sales revenue from the third generation RCD chip surpassing that of the second generation for the first time [4]. Stock Performance - The company's stock price surged by 88.78% compared to the end of Q2 2025, resulting in a significant increase in share-based payment expenses to 353 million yuan [5]. - The impact of these expenses on the net profit attributable to shareholders was 338 million yuan, which was considered in the adjusted net profit figures [5].