Core Viewpoint - The company reported a robust growth in its 2025 annual performance, driven by the recovery in the storage industry and the rapid development of the AI sector, leading to increased demand for storage products [2][4]. Financial Performance - The total operating revenue for 2025 reached 1,331.34 million yuan, representing a year-on-year increase of 13.42% [2][3]. - The net profit attributable to the parent company was 142.10 million yuan, up 20.36% compared to the previous year [2][3]. - The net profit attributable to the parent company, excluding non-recurring gains and losses, surged by 130.29% to 101.49 million yuan [2][3]. - Basic earnings per share were 0.31 yuan, showing a slight decrease of 3.13% from the previous year [3]. - The weighted average return on net assets decreased by 9.47 percentage points to 7.86% [3]. Asset and Equity Growth - As of December 31, 2025, total assets amounted to 2,332.19 million yuan, reflecting an 11.78% increase from the beginning of the year [2][3]. - The equity attributable to the parent company reached 1,904.77 million yuan, marking an 11.40% growth [2][3]. Industry and Product Insights - The growth in performance was primarily attributed to the increased shipment of PCIe 3.0, PCIe 4.0, and enterprise-level SATA controller chip products, which contributed to a steady rise in overall gross margin [4]. - The company has been focusing on new customer development and product introduction, leveraging its technological advantages and one-stop solution capabilities [4]. - Research and development expenses were approximately 505.96 million yuan, supporting technological innovation and product upgrades [4]. - The company recognized share-based payment expenses of about 53.58 million yuan during 2025, and after excluding this impact, the net profit attributable to the parent company was approximately 195.68 million yuan, indicating stable performance in core business profitability [4].

Financial Performance Summary - In 2025, the company achieved total operating revenue of 1,331.34 million RMB, representing a year-on-year increase of 13.42% [3] - The net profit attributable to the parent company was 142.10 million RMB, up 20.36% year-on-year [3] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 101.49 million RMB, showing a significant increase of 130.29% [3][5] - As of December 31, 2025, total assets reached 2,332.19 million RMB, an increase of 11.78% from the beginning of the year [3] - The equity attributable to the parent company was 1,904.77 million RMB, up 11.40% from the beginning of the year [3] Factors Influencing Performance - The company benefited from the recovery in the storage industry and the rapid development of the AI sector, leading to increased demand for storage products [4] - Significant growth in the shipment volume of PCIe 3.0, PCIe 4.0, and enterprise-level SATA controller chips contributed to a steady increase in overall gross margin [4] - The company focused on consolidating and expanding its core competitive advantages by enhancing R&D investment and talent acquisition, with R&D expenses amounting to approximately 505.96 million RMB, up from 425.18 million RMB in the previous year [4] - The company confirmed share-based payment expenses of approximately 53.58 million RMB, compared to 39.32 million RMB in the previous year, indicating a robust performance in core business profitability [4]

Group 1 - The company achieved total operating revenue of approximately 1.33 billion yuan in 2025, representing a year-on-year increase of 13.42% [1] - The net profit attributable to the parent company was approximately 142 million yuan, reflecting a year-on-year growth of 20.36% [1] - The net profit after deducting non-recurring items was approximately 101 million yuan, showing a significant year-on-year increase of 130.29% [1] Group 2 - The growth in performance was primarily driven by the recovery in the storage industry and the rapid development of the AI industry, leading to sustained demand for storage products [3] - The company saw a notable increase in the shipment volume of its PCIE3.0, PCIE4.0, and enterprise-grade SATA controller chip products, which contributed to a steady improvement in overall gross margin [3] - Research and development expenses for the company were approximately 506 million yuan, indicating an increase compared to the same period last year, while maintaining a stable R&D expense ratio [3] Group 3 - The company confirmed share-based payment expenses of approximately 53.58 million yuan for 2025 [3] - After excluding this factor, the net profit attributable to the parent company was approximately 196 million yuan, indicating robust profitability in core business operations [3] - The significant year-on-year growth of 130.29% in net profit after deducting non-recurring items was mainly due to increased operating revenue and a higher proportion of high-margin product shipments [3]

转自：中国证券报·中证网 中证报中证网讯（记者 齐金钊）日前，民爆光电公告，公司拟现金收购厦芝精密51%股权，同时拟通 过发行股份的方式向厦门麦达购买厦芝精密49%股权并募集配套资金。 据悉，厦芝精密战略定位于高端PCB钻针市场，凭借持续的工艺创新与稳定的产品质量，赢得全球知名 PCB制造商认可。合作客户涵盖深南电路、奥特斯（AT&S）、胜宏科技、华通电脑、健鼎科技、沪电 股份、景旺电子、日本名幸电子等国内外龙头企业，客户粘性强。作为业内少数能实现AI服务器板用 钻针、高端载板极小径钻针批量稳定供应的厂商，已跻身核心客户供应链并开展联合开发，深度绑定高 景气赛道需求。 业内人士表示，PCB行业实行严格的"合格供应商认证制度"，需通过管理体系、质量控制、现场审核等 多维度考核，合作一旦建立便形成长期稳定粘性。厦芝精密是国内少数具备50倍径钻针量产能力的企 业，率先切入AI服务器板钻针领域，与胜宏科技、深南电路、景旺电子等头部客户建立稳定合作，先 发优势显著，技术与客户壁垒难以被竞争对手突破。 PCB钻针作为印制电路板制造的核心耗材，其市场需求与电子产业技术迭代深度绑定。随着AI服务器、 5G通讯、汽车电子等高端 ...

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2025年，公司以巩固和扩大核心竞争优势为目标，持续强化新产品的研发投入与人才储备。一方面加快 下一代主控芯片的迭代升级，另一方面将研发人才团队建设视作技术创新的核心支撑，扩充嵌入式主控 芯片研发团队。报告期内研发费用约为50,595.76万元，较上年同期的42,518.48万元实现增长。伴随公司 营收规模同步增长，研发费用率维持平稳，研发资源配置高效，为公司持续开展技术创新、推动产品升 级提供坚实支撑。 格隆汇2月2日丨联芸科技(688449.SH)公布2025年度业绩快报，2025年度公司实现营业总收入13.31亿 元，同比增长13.42%；实现归属于母公司所有者的净利润1.42亿元，同比增长20.36%；实现归属于母公 司所有者的扣除非经常性损益的净利润1.01亿元，同比增长130.29%。 受益于存储行业景气度回升，叠加AI产业快速发展，存储产品需求持续增加。2025年公司PCIE3.0、 PCIE4.0及企业级SATA主控芯片产品出货量明显增长，带动综合毛利率稳步提升；同时，公司依托自身 产品的技术优势与一站式解决方案能力，持续推进新客户开发及存储主控产品导入。在此基础上，公司 数据存储主控芯片的整 ...