Actions(SH:688049) Zheng Quan Shi Bao Wang·2025-12-01 06:54Core Viewpoint - Juchip Technology (688049) reported strong financial performance for the first three quarters of 2025, with significant year-on-year growth in revenue and profit, indicating a robust position in the AIoT chip market [1][2]. Financial Performance - The company achieved a revenue of 722 million yuan, representing a year-on-year increase of 54.74% [1] - Net profit reached 152 million yuan, up 113.85% year-on-year [1] - Non-GAAP net profit grew by 205.21% year-on-year [1] - Gross margin and net margin improved to 50.96% and 21% respectively, reflecting enhanced profitability [1] Product and Market Position - Juchip Technology specializes in low-power AIoT chip design, focusing on mid-to-high-end smart audio SoC chips for applications in wireless audio, smart wearables, and AI-based IoT [1] - The company has launched its first-generation in-memory computing technology chip, which is recognized for its industry-leading energy efficiency [2] - The audio market presents significant opportunities for growth due to both existing upgrades and new innovations [2] Client and Product Development - The company has developed AI glasses solutions, with three clients (INMO, Halliday, and Xingyi Intelligent) launching AI glasses products [2] - A new series of chips, ATW609X, aimed at the smart wearable sector, is set to be released, featuring a tri-core architecture and the first-generation in-memory computing technology [2] Strategic Initiatives - Juchip Technology announced plans to issue H-shares and list on the Hong Kong Stock Exchange to leverage international capital market advantages for global expansion [2]