Huaqin Technology (SH:603296) Zheng Quan Ri Bao Zhi Sheng·2025-12-24 12:44Core Viewpoint - Company emphasizes the importance of research and development (R&D) capabilities and technological innovation, maintaining steady investment in R&D to support business growth and future advancements [1] R&D Investment - R&D expenses for the first three quarters of 2025 reached 4.62 billion yuan, representing a year-on-year increase of 23.7%, with an expectation to exceed 6 billion yuan for the entire year [1] - The company has nearly 20,000 R&D personnel, focusing on a product layout of 3+N+3 to meet business growth needs [1] Future Research Directions - The company is investing in forward-looking R&D, including research in acoustics, optics, thermodynamics, and radio frequency through its Xlab initiative [1] - Increased R&D resources are allocated towards new technology and product directions such as AI edge computing, super nodes, and automotive electronics [1] - Robotics is identified as a clear investment direction, with the company committed to maintaining steady investment in this area [1] Competitive Advantage - R&D is considered the core competitive advantage of the company, which plans to continue increasing R&D investment to solidify its technological moat and achieve sustainable high-quality development [1]