（来源：上市之家） 1月26日，普冉半导体（上海）股份有限公司（下称"普冉股份"，688766.SH）发布2025年年度业绩预告，公司呈现显著的"增收不增利"态势。 业绩预告显示，2025年普冉股份预计实现营业收入约23.2亿元，较2024年的18.04亿元同比增加5.16亿元，增幅达28.63%；但归属于母公司所有者的净利润 约为2.05亿元，同比减少8741.66万元，降幅29.89%；扣除非经常性损益后的净利润1.7亿元，同比降幅进一步扩大至36.87%，减少额近1亿元。 回溯2024年业绩，公司上年同期归属于母公司净利润为2.92亿元，扣非后净利润2.69亿元，每股收益1.98元（考虑2025年资本公积转增情况）。对比来 看，2025年公司盈利能力出现明显回落，营收增长与利润下滑形成鲜明反差。需要说明的是，本次业绩预告未经注册会计师审计，最终数据以年度报告为 准。 从行业背景看，2025年存储芯片行业逐步走出周期底部，供需格局持续改善，头部企业纷纷加大布局力度。普冉股份通过收购SHM切入中高端2D NAND 市场，完善"存储+"产品矩阵，同时借助其全球渠道拓展海外业务，有望在行业复苏周期中抢占先机。但 ...

Group 1 - The core viewpoint of the articles highlights the strong performance and growth potential of Puran Co., Ltd. in the storage chip industry, particularly in NOR Flash and EEPROM products [2][3] - In Q3 2025, the company achieved a revenue of 527 million yuan, representing a year-on-year growth of 11.94% and a quarter-on-quarter growth of 5.24% [2] - The net profit after deducting non-recurring items reached 10 million yuan, with a quarter-on-quarter increase of 35.70% [2] Group 2 - Puran Co., Ltd. is a significant player in the domestic storage chip sector, continuously strengthening its technological barriers in its main business [2] - The company’s NOR Flash products utilize SONOS and ETOX dual-process platforms, covering a capacity range from 512 Kbit to 1 Gbit, with 4 Mbit-128 Mbit products becoming the main delivery force [2] - The full-capacity ETOX NOR Flash series has passed AEC-Q100 automotive certification, laying the foundation for entry into the automotive electronics market [2] Group 3 - In the EEPROM product line, Puran Co., Ltd. has made multiple breakthroughs, maintaining a leading position in mobile camera module applications and successfully expanding into industrial control and automotive scenarios [2] - The entire series of automotive EEPROM products has passed AEC-Q100 Grade 1 certification and has been delivered in bulk for applications such as body cameras and in-vehicle central control, increasing the revenue share from automotive electronics [2] Group 4 - The company's "Storage+" strategy is accelerating the cultivation of new growth engines, with over a hundred models of 32-bit general-purpose MCUs based on the ARM Cortex-M core launched for applications in smart homes, motor control, and industrial automation [3] - The ultra-low power M0+ series has a deep sleep power consumption as low as 0.7 μA, while the high-performance M4 series has gained recognition from mid-to-high-end market customers due to its quality analog peripherals [3] - The current AI-driven super cycle is expected to significantly boost the demand for large-capacity storage in data centers, alongside the increasing penetration of smart devices such as smartphones and smart cars, driving innovation in storage technology and market expansion [3]