普冉半导体（上海）股份有限公司2025年度业绩快报公告

Core Viewpoint - The company reported its preliminary financial data for the fiscal year 2025, indicating a significant increase in total revenue but a decline in net profit, highlighting the impact of market dynamics and strategic acquisitions on its financial performance [2][5]. Financial Performance Summary - Total revenue for 2025 reached 2,319.75 million RMB, an increase of 28.62% compared to the previous year [5]. - Net profit attributable to shareholders was 208.23 million RMB, a decrease of 28.79% year-on-year [5]. - The net profit after deducting non-recurring gains and losses was 164.58 million RMB, down 38.88% from the previous year [5]. - Total assets at the end of 2025 were 3,660.12 million RMB, up 41.95% from the beginning of the reporting period [5]. - Shareholders' equity attributable to the parent company was 2,418.38 million RMB, an increase of 9.06% [5]. - The net asset value per share attributable to the parent company was 16.33 RMB, up 8.58% [5]. Operational and Financial Condition - The increase in revenue was driven by favorable changes in the storage chip market and a surge in demand from AI servers, high-end smartphones, and PC upgrades [6]. - The company continued to invest in R&D for its storage chip products and maintained competitive compensation to attract key talent, leading to a significant increase in total employee compensation [7]. - The company adopted an aggressive supply chain strategy, resulting in higher inventory levels and a decrease in inventory turnover rate, with asset impairment losses increasing by approximately 63 million RMB [7]. - In November 2025, the company acquired 51% of Zhuhai Noah Changtian Storage Technology Co., which positively impacted its profits [8][9]. Impact of Non-Recurring Gains and Losses - The acquisition of Zhuhai Noah Changtian Storage Technology Co. resulted in a non-recurring gain of approximately 19 million RMB, positively affecting the net profit attributable to shareholders [9]. - The acquisition contributed approximately 46 million RMB to the net profit attributable to shareholders and 27 million RMB to the net profit after deducting non-recurring gains and losses [10].