Core Insights - The company reported a revenue of 1.187 billion yuan for Q3 2025, an increase of 8.5% year-on-year, but net profit attributable to shareholders decreased by 61.48% to 41.1894 million yuan [2] - For the year-to-date period, total revenue reached 3.437 billion yuan, a growth of 7.35%, while net profit attributable to shareholders fell by 19.75% to 244 million yuan [2] - The company’s total assets as of September 30, 2025, amounted to 13.53 billion yuan, reflecting a growth of 4.66% from the previous year [2] Financial Performance - The net cash flow from operating activities for the year-to-date period was 499 million yuan, a significant increase of 142.03% year-on-year, primarily due to the recovery of capacity guarantee deposits [3] - Revenue from the computing chip segment was 908 million yuan, up 11.79% year-on-year, indicating steady demand growth [3] - Revenue from storage chips reached 2.131 billion yuan, a year-on-year increase of 7.25%, driven by recovery in automotive and industrial markets [3] Product Line Performance - The revenue from simulation and interconnect chips was 374 million yuan, reflecting a year-on-year growth of 7.63% [3] - Embedded MPU products are gaining traction in various fields, with a positive growth trend in AIOT chip demand [3] - Sales revenue from smart visual products experienced a slight decline due to intensified market competition [3] Strategic Developments - The company plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international brand image and core competitiveness [3][4] - The board approved relevant proposals for the overseas listing on September 11, 2025, and the application was submitted to the Hong Kong Stock Exchange on September 15, 2025 [4]