寒武纪，营收大增1332.52%

Core Viewpoint - The company, Hanwujing, reported significant revenue and profit growth in the third quarter of 2025, indicating strong operational performance and potential for future investment opportunities [1][2]. Financial Performance - The revenue for Q3 2025 reached 1.73 billion yuan, representing a year-on-year increase of 1332.52% [1][2]. - The net profit attributable to shareholders for Q3 2025 was 566 million yuan [1][2]. - For the first three quarters of 2025, the total revenue was 4.61 billion yuan, showing a year-on-year growth of 2386.38% [1][2]. - The net profit attributable to shareholders for the first three quarters was 1.60 billion yuan [1][2]. Earnings Per Share - Basic earnings per share for Q3 2025 were 1.35 yuan, while diluted earnings per share were 1.34 yuan [4]. - For the first three quarters, the basic earnings per share were 3.85 yuan, and diluted earnings per share were 3.81 yuan [4]. Return on Equity - The weighted average return on equity increased to 8.03% for Q3 2025, up by 11.77 percentage points [4]. - For the first three quarters, the return on equity was 25.21%, an increase of 38.69 percentage points [4]. Research and Development - Total R&D expenditure for Q3 2025 was approximately 258 million yuan, reflecting a year-on-year increase of 22.05% [4]. - R&D expenditure accounted for 14.95% of revenue in Q3 2025, a decrease of 160.57 basis points compared to the previous year [4]. Assets and Equity - Total assets at the end of the reporting period were approximately 12.59 billion yuan, an increase of 87.44% compared to the previous year [4]. - Shareholder equity reached approximately 11.31 billion yuan, up by 108.59% from the previous year [4].