10月15日晚间，泰凌微电子（上海）股份有限公司（以下简称"泰凌微"）发布2025年前三季度业绩预增 公告。今年前三季度，泰凌微预计实现营业收入约7.66亿元，与上年同期相比增长约1.79亿元，同比增 加30%左右。 今年前三季度，泰凌微继续保持强劲的盈利能力，公司预计实现归母净利润约1.4亿元，与上年同期相 比预计增加7573万元，增幅约118%；预计实现扣非净利润约1.29亿元，与上年同期相比预计增加6774 万元，增幅约111%。今年前三季度，泰凌微净利率预计约为18.3%，相比2024年同期净利率10.94%有显 著提升；公司毛利率约50.7%，高于2024年同期的47.9%。 另外，泰凌微近年来持续投入海外客户布局，公司在国内外头部客户中，已经成为主流供应商。泰凌微 公告称，随着低功耗物联网行业的整体增长，公司总体收入增长明显。同时受益于高毛利产品销售占比 提升，以及公司通过技术演进带来产品成本的进一步降低，公司毛利率提升到了较高水平，使公司在持 续提升研发投入及保障海外市场拓展投入的同时，实现了净利率的快速提升。 与此同时，泰凌微也在持续加大投入研发。今年前三季度，公司已投入研发费用1.86亿元； ...

10月15日，泰凌微电子股份有限公司（证券代码：688591，证券简称：泰凌微）发布2025年前三季度业绩预告。2025年1-9月，公司预计实现营业收入约 7.66亿元，较上年同期增长约30%，新增营收规模达1.79亿元；预计实现归属于母公司所有者的净利润约1.4亿元，同比增幅高达118%，新增净利润约7573万 元。盈利能力方面，公司净利率预计提升至18.3%，较2024年同期的10.94%和全年的11.54%实现显著突破，主要得益于高毛利产品占比提升、规模效应释放 带来的成本优化。 本报告期内，受公司前期在端侧 AI 产品和海外客户布局的持续投入，以及新产品超预期出货的综合影响，各产品线收入均有显著增加，其中多模和音频产 品线增幅明显。公司海外业务继续快速扩张，境外收入持续增长。 1、新品增速明显，端侧 AI 产品在客户侧实现爆发增长 2、研发投入继续加大，在客户侧不断完成产品导入，积累业绩增长势能 2025 年前三季度，公司已投入研发费用 1.86 亿元，其中三季度单季度研发投入增加至 0.69 亿元，同比增加 38.96%，环比增加 19.04%。其中，星闪项目已 经完成流片回片，测试顺利，并在积极推 ...

Group 1 - The company expects to achieve an operating income of approximately 766 million yuan for the first three quarters of 2025, representing a year-on-year increase of about 30% compared to 587 million yuan in the same period last year [3][7] - The net profit attributable to the parent company is projected to be around 140 million yuan, an increase of approximately 118% from 64.27 million yuan in the previous year [3][7] - The net profit margin is expected to be approximately 18.3%, significantly higher than the 10.94% recorded in the same period of 2024 [4] Group 2 - The company has invested 186 million yuan in R&D for the first three quarters of 2025, with Q3 R&D spending reaching 69 million yuan, a year-on-year increase of 38.96% [10] - The company has launched several new products, including edge AI chips and multi-mode Matter chips, which have gained significant market traction and are in mass production [9][10] - The gross profit margin is estimated to be around 50.7%, an increase of approximately 2.8 percentage points from 47.9% in the previous year [5]

Core Viewpoint - The company expects a significant increase in net profit for the first three quarters of 2025, driven by strong sales of new AI chips and expansion in overseas markets [1] Financial Performance - The estimated net profit attributable to the parent company is approximately 140 million yuan, representing a year-on-year growth of about 118% [1] - Revenue is projected to grow by approximately 30% year-on-year due to the strong performance of new product lines and rapid overseas business expansion [1] - The increase in the proportion of high-margin products and cost optimization have significantly improved gross and net profit margins [1] Product Development - The newly launched edge AI chips have entered mass production, continuing to show rapid growth in the third quarter [1] - The multi-mode Matter chips have begun bulk shipments in the overseas smart home sector [1] - The company is the first in the domestic market to launch Bluetooth 6.0 certified chips with high-precision positioning features, which have entered mass production with leading global clients [1] - New WiFi 6.0 multi-mode chips have also achieved bulk shipments [1] Audio Product Line - The audio product line has seen significant sales growth compared to the same period last year, driven by new major clients starting bulk shipments and existing clients increasing their order volumes [1] R&D Progress - The Xing Shan project has completed the tape-out and testing phases successfully, and efforts are being made to advance certification and initial promotion [1]