PRIMARIUS(SH:688206) Ge Long Hui A P P·2026-02-27 08:06Core Viewpoint - The company, GeLun Electronics, reported a revenue increase of 16.19% year-on-year for the fiscal year 2025, driven by continuous R&D investment and product innovation, despite facing challenges from losses in joint ventures and associates [1][2] Group 1: Financial Performance - The total revenue for the reporting period reached 487 million yuan, an increase of 16.19% compared to the same period last year [1] - The net profit attributable to the parent company was 36.85 million yuan, an increase of 133.41 million yuan year-on-year [1] - The total assets at the end of the reporting period were 2.572 billion yuan, reflecting a growth of 4.33% from the beginning of the period [1] Group 2: Business Growth Factors - The company has continuously enhanced its product technology and market competitiveness through increased R&D investment, which has laid a solid foundation for sustainable long-term growth [1] - The main business revenue has consistently grown, with significant contributions from EDA software licensing and technical development solutions, leading to a steady increase in overall revenue [1] Group 3: Cost Management and Investment Impact - The company has optimized cost management while maintaining high R&D investment, focusing on improving operational quality through refined control and structural optimization, which has enhanced the profitability of its main business [2] - The investment income from joint ventures and associates was negatively impacted due to significant losses in some equity-accounted entities, which were influenced by industry cyclicality and operational changes, leading to a cautious adjustment in valuations [2]