GalaxyCore (SH:688728) Sou Hu Cai Jing·2026-01-28 09:06Core Viewpoint - The company, GeKowei, forecasts a total revenue of 7.5 billion to 8 billion yuan for the year 2025, driven by increased shipments of high-resolution image sensors and impacted by foreign exchange losses and non-recurring gains [1][2] Group 1: Revenue and Growth - The company expects a revenue increase from 6.38 billion yuan in the previous year to between 7.5 billion and 8 billion yuan in 2025, representing a year-on-year growth of 17.49% to 25.33% [1] - In the first three quarters of 2025, the company's main revenue reached 5.723 billion yuan, a year-on-year increase of 25.66% [2] - For Q3 2025, the company reported a single-quarter main revenue of 2.086 billion yuan, up 18.27% year-on-year [2] Group 2: Profitability - The net profit attributable to shareholders for the first three quarters of 2025 was 50.19 million yuan, a significant increase of 518.75% year-on-year [2] - In Q3 2025, the net profit attributable to shareholders was 20.43 million yuan, reflecting a year-on-year increase of 129.44% [2] - The company's gross profit margin stood at 20.7% [2] Group 3: Operational Challenges - The company faced a slight decline in overall gross margin due to intensified competition in mid-to-low pixel products and controlled pricing strategies in the high-resolution market [1] - The company reported a foreign exchange loss due to a significant net exposure in USD, as the USD/CNY exchange rate showed a downward trend [1] - Non-recurring gains primarily stemmed from government subsidies recognized in the current period [1]