安凯微：2025年度净亏损1.39亿元

Core Viewpoint - Ankai Microelectronics (688620.SH) reported a slight increase in revenue for 2025, but faced significant losses in net profit due to competitive pressures and increased financial costs [1] Financial Performance - The company achieved an operating revenue of 537 million yuan in 2025, representing a year-on-year increase of 1.87% [1] - The net profit attributable to the parent company was -139 million yuan, with a net profit of -143 million yuan after excluding non-recurring gains and losses [1] - Basic earnings per share were -0.36 yuan, and the weighted average return on net assets was -10.21% [1] Market and Product Performance - The increase in revenue was supported by sustained market demand and successful introduction of new products, leading to a growth in chip shipments compared to the previous year [1] - Despite the revenue growth, the company faced ongoing price pressure on certain product lines due to intense market competition, resulting in a decline in gross profit for the year [1] Research and Development - The company maintained a high level of R&D investment, with seven ongoing projects completing tape-out from the end of 2024 to 2025, leading to an increase in R&D expenses [1] Financial Costs and Asset Impairment - Financial expenses increased due to fluctuations in the US dollar exchange rate and reduced interest income from cash management [1] - The company conducted impairment tests on assets showing signs of impairment, resulting in an increase in asset impairment losses [1]