芯片巨头，最新业绩公布

Core Viewpoint - Huahong Company, a domestic chip foundry giant, reported a significant increase in revenue for Q3 2025, but a notable decline in net profit, indicating challenges in profitability despite revenue growth [1][2]. Financial Performance - Q3 2025 revenue reached 4.57 billion yuan, a year-on-year increase of 21.10% [1][4]. - Net profit attributable to shareholders was 177 million yuan, down 43.47% year-on-year [1][4]. - For the first three quarters, total revenue was 12.58 billion yuan, up 19.82% year-on-year, while net profit dropped 56.52% to 251 million yuan [1][4]. Future Outlook - The company expects Q4 2025 sales revenue to be between 650 million to 660 million USD, with a projected gross margin of 12% to 14% [2][3]. - The increase in revenue and gross margin is attributed to a recovery in global semiconductor demand and improved operational efficiency [2]. Key Financial Metrics - Total assets as of the report date were approximately 87.50 billion yuan, showing a slight decrease of 0.49% from the previous year [4]. - R&D investment totaled 495 million yuan, representing 10.85% of revenue, with a year-on-year increase of 35.46% [4].