Dosilicon(SH:688110) 智通财经网·2026-01-23 11:01Core Viewpoint - Dongxin Co., Ltd. (688110.SH) is expected to report a net loss attributable to shareholders of the parent company for 2025, estimated between -174 million to -214 million yuan, representing an increase in loss of 4.10% to 28.03% compared to the previous year [1] Group 1: Financial Performance - The company's operating revenue is projected to grow by approximately 43.75% year-on-year, with quarterly revenue showing sequential growth [2] - The overall gross margin has significantly improved compared to the previous year, with all quarters achieving sequential growth, and the storage segment has become profitable [2] Group 2: Business Strategy and Development - The company continues to focus on its core "storage" business, maintaining high levels of R&D investment and pursuing technological integration in the "storage, computing, and networking" fields [2] - In the storage segment, the company has solidified its technological leadership in SLC NAND Flash, with 1xnm flash products entering mass production and significant improvements in product reliability [2] - The company is expanding its product lines in DRAM and enhancing its high-reliability solutions for various applications, including automotive [2] Group 3: Wi-Fi and GPU Investments - In the Wi-Fi segment, the company is advancing the development of Wi-Fi 7 wireless communication chips, having completed prototype testing that meets design goals [3] - The company made a strategic investment of 200 million yuan in Shanghai Lishan Technology Co., Ltd. for the development of scalable GPU chips, with the first self-developed GPU chip "7G100" successfully taped out in 2025 [3] - An additional investment of approximately 211 million yuan is planned for 2025 to deepen the company's presence in the high-performance GPU market, with an expected investment loss of about 166 million yuan for the year [3]