澜起科技受益AI市场需求年赚预超21亿 推进“A+H”上市或获阿里等机构参投

Core Viewpoint - The company, 澜起科技, is expected to see significant growth in its 2025 annual performance, driven by the booming AI industry and increased demand for its interconnect chips [1][2]. Financial Performance - For 2025, 澜起科技 anticipates a net profit attributable to shareholders of between 2.15 billion and 2.35 billion RMB, representing a year-on-year increase of 52.29% to 66.46% [1][2]. - The company expects a non-recurring net profit of 1.92 billion to 2.12 billion RMB, reflecting a growth of 53.81% to 69.83% compared to the previous year [1][2]. - In 2024, 澜起科技 reported a revenue of 3.639 billion RMB, a year-on-year increase of 59.20%, and a net profit of 1.412 billion RMB, up 213.10% [4]. Market Trends and Product Development - The growth in 澜起科技's performance is attributed to the strong demand in the AI sector, with a notable increase in the shipment of interconnect chips [1][2]. - The company launched its second-generation MRCD/MDB chips in January 2025, with expected orders exceeding 140 million RMB for the next six months [3]. - The transition of AI from training to inference is anticipated to drive further demand for high-speed interconnect chips [3]. Upcoming IPO and Strategic Partnerships - 澜起科技 is making progress on its H-share listing plan in Hong Kong, with key investors such as Alibaba and Morgan Asset Management participating as cornerstone investors [1][7]. - The company has received necessary approvals from regulatory bodies, including the China Securities Regulatory Commission, for its overseas listing [7]. Company Background - 澜起科技 is a leading international designer of data processing and interconnect chips, focusing on high-performance, low-power chip solutions for cloud computing and AI [6]. - The company has a significant presence in overseas markets, with revenue from international markets accounting for 84.02% and 70.83% of total revenue in 2023 and 2024, respectively [6].