钜泉科技2025年度归母净利润4286.7万元，同比减少54.20%

Core Viewpoint - Jiuquan Technology (688391.SH) reported a decline in both revenue and net profit for the fiscal year 2025, despite the rapid growth of the semiconductor market in China [1] Financial Performance - The total operating revenue for 2025 was 539 million yuan, representing a year-on-year decrease of 8.99% [1] - The net profit attributable to the parent company's shareholders was 42.867 million yuan, down 54.20% year-on-year [1] Market and Industry Context - The decline in chip shipments for metering chips and MCU chips was influenced by project cycle adjustments in the smart meter sector and industry destocking [1] - Increased market competition has led to pressure on chip sales prices, contributing to the decrease in both operating revenue and gross margin compared to the previous year [1]