Bluetrum(SH:688332) Chang Jiang Shang Bao·2026-01-08 23:53Core Viewpoint - Zhongke Lanyun (688332.SH) has reported a significant increase in performance due to strategic investments in two leading GPU companies, Moer Thread and Muxi Co., with an expected net profit of 1.4 billion to 1.43 billion yuan for 2025, representing a year-on-year growth of 366.51% to 376.51% [1][2][3] Investment Performance - The substantial profit increase is attributed to the company's forward-looking investments in the two domestic GPU leaders, resulting in over 1.1 billion yuan in earnings from these investments [2][3] - Zhongke Lanyun holds a 0.43% stake in Moer Thread and a 0.21% stake in Muxi Co., with both companies showing impressive stock performance post-IPO, significantly boosting Zhongke Lanyun's financial results [2][3] Main Business Development - Despite the large investment gains, Zhongke Lanyun's core business in wireless audio chip design remains stable, with a revenue of 1.302 billion yuan in the first three quarters of 2025, reflecting a year-on-year growth of 4.29% [4][5] - The company expects to achieve an annual revenue of 1.83 billion to 1.85 billion yuan for 2025, indicating a slight growth of 0.60% to 1.70% compared to the previous year [5] Future Strategy - Zhongke Lanyun plans to continue its dual-driven strategy of "deepening core business + investment empowerment," focusing on high-growth opportunities in the semiconductor sector while enhancing its position in the wireless audio chip market [6]