Core Viewpoint - The company reported a revenue of 3.024 billion RMB for the first three quarters, representing a year-on-year growth of 12.7%, with Q3 revenue reaching 1.186 billion RMB, up 33.28% year-on-year, driven by sales in non-volatile memory chips, smart meter chips, and FPGA and other chip businesses [4]. Revenue and Profit Summary - The revenue for Q3 was significantly boosted by non-volatile memory chips (up 44%), smart meter chips (up 42%), and FPGA and other chips (up 34%), while the security and identification chip revenue grew by 16% [4]. - The overall gross margin for the first three quarters was 58.47%, an increase of 3.42 percentage points year-on-year, with Q3 gross margin at 61.06%, up 8.91 percentage points, attributed to revenue growth and product structure optimization [4]. - The net profit attributable to the parent company for the first three quarters was 330 million RMB, a decline of 22.69%, influenced by government subsidy verification, reduced VAT deductions, increased storage impairment provisions, and intangible asset impairment [4]. Business Segment Performance - The security and identification chip business generated 239 million RMB in Q3, a 16% increase year-on-year, with growth in financial and social security card sales, despite intense market competition [5]. - The non-volatile memory business achieved 343 million RMB in Q3, a 44% year-on-year increase, driven by demand recovery in the consumer electronics market and new product launches [5]. - The smart meter chip business reported 139 million RMB in Q3, up 42% year-on-year, benefiting from sales growth in smart water, gas, and heat meters, as well as industrial control applications [5]. FPGA and High-Reliability Products - FPGA and other products generated 433 million RMB in Q3, reflecting a 34% year-on-year growth, with strong demand in high-reliability sectors leading to supply shortages for some products [6]. - The company has developed a range of FPGA products with self-owned intellectual property and has successfully launched PSoC products in mass production [6].