Core Insights - The company reported a revenue of 229.65 million RMB in Q3, representing a year-on-year increase of 27.03% and a quarter-on-quarter increase of 14.35% [2][6] - Despite the revenue growth, the company continues to operate at a loss, with a net loss attributable to shareholders of 35.22 million RMB in Q3, which is an improvement from a loss of 39.22 million RMB in the same period last year [2][6] - The gross profit margin improved significantly, rising by 10.57 percentage points to 26.64% compared to the previous year [2][6] Revenue and Profitability - The increase in revenue and gross profit margin is attributed to the overall recovery in the semiconductor design industry, which has boosted downstream market demand [2] - The company experienced substantial growth in product sales across key application areas such as network communication, security monitoring, and consumer electronics [2] - The recovery in the market has also led to a rise in the selling prices of certain products, contributing to the improved gross profit margin [2] R&D and Investment Challenges - The company faced pressure on costs and investments, with total R&D expenses reaching 57.07 million RMB, a year-on-year increase of 9.31% [3] - R&D expenditures are primarily focused on maintaining high investment levels in the storage sector and upgrading storage chip processes, while Wi-Fi chip products are still in the development stage and have not yet generated revenue [3] - The company reported an investment loss of 15.84 million RMB from its associate company, which significantly impacted the quarterly loss [3] Strategic Initiatives - To advance its "storage, computing, and networking" integrated strategy, the company announced plans to invest approximately 211 million RMB in its associate company, aiming to hold about 35.87% of its equity post-investment [4] - The company has implemented a stock incentive plan to attract and retain core talent, granting approximately 900,000 restricted shares and 324,000 stock appreciation rights to key personnel [4]