AI与存储周期共振，兆易创新预计2025年营收同比增约25%，净利润增46% | 财报见闻

Group 1 - The core viewpoint of the news is that兆易创新 is expected to see a significant rebound in profitability for the year 2025, driven by the upward cycle in the storage industry and strong demand from AI computing infrastructure [1][2] - The company anticipates a net profit of approximately 16.1 billion RMB for 2025, representing an increase of about 5.07 billion RMB or a year-on-year growth of approximately 46% compared to 11.03 billion RMB in the previous year [1] - The expected net profit after deducting non-recurring gains is projected to be around 14.23 billion RMB, up about 3.93 billion RMB or approximately 38% year-on-year from 10.3 billion RMB [1] Group 2 - The company forecasts total revenue of 92.03 billion RMB for 2025, an increase of approximately 18.47 billion RMB or a year-on-year growth of about 25% [1] - The strong performance in the main business is attributed to dual drivers: technological transformation and optimization of industry structure, with accelerated AI computing infrastructure driving demand for high-performance storage and control chips [1][2] - The storage chip market has fundamentally improved its supply-demand relationship after a prolonged destocking period, leading to synchronized increases in product prices and sales [2] Group 3 - Non-recurring gains are expected to positively contribute to the overall performance of兆易创新 in 2025, primarily due to the increase in fair value of the company's securities investments [2] - Even excluding the impact of these investment gains, the growth rate of net profit after deducting non-recurring items is still close to 40%, indicating that the quality of performance growth is mainly driven by core business [2] - The company emphasizes that the performance forecast is based on preliminary calculations by its financial department and has not yet been audited, with the final figures to be confirmed in the audited annual report for 2025 [2]