Ge Long Hui·2025-11-05 12:39Core Viewpoint - Heertai (002402.SZ) reported significant growth in its subsidiary Chengchang Technology, which specializes in T/R chips for phased array radar and satellite communication, indicating a strong recovery in downstream user demand and an increase in orders and projects [1] Company Summary - Chengchang Technology's T/R chips are now being mass-produced and applied in various fields including spaceborne, ground, and airborne phased array radar and satellite communication [1] - The company achieved a revenue of 306 million yuan and a net profit of 90.36 million yuan in the first three quarters of 2025 [1] - Chengchang Technology maintains a leading position in the domestic market for phased array T/R chip research and production, collaborating closely with downstream users [1] Industry Summary - The T/R chip is a critical component of phased array systems, characterized by high integration, complex structure, and stringent performance parameters [1] - In China, the main entities capable of R&D and mass production of phased array T/R chips are research institutes and a few private enterprises with tier-three and tier-four supporting capabilities [1] - The company has developed several new products targeting the next generation of low-orbit communication satellites and ground support equipment [1]