Core Insights - The company reported a significant increase in revenue and net profit for Q3 2025, with a revenue of 2.266 billion yuan, representing a year-on-year growth of 124.15% [1] - For the first nine months of 2025, the company achieved a revenue of 4.220 billion yuan, showing an 85.27% year-on-year increase [1] - The net profit attributable to shareholders for Q3 2025 reached 462 million yuan, a remarkable growth of 225.07% year-on-year [1] - The net profit excluding non-recurring items for Q3 2025 was 420 million yuan, reflecting an extraordinary increase of 822.50% year-on-year [1] - For the first nine months of 2025, the net profit attributable to shareholders was 557 million yuan, up 105.14% year-on-year [1] - The net profit excluding non-recurring items for the same period was 458 million yuan, marking a substantial growth of 599.67% year-on-year [1] Revenue and Profit Growth - The company’s revenue growth is attributed to the expansion of product process coverage and enhanced product performance and core competitiveness [1] - The advanced process verification machines have entered the stage of large-scale production, contributing to sustained revenue growth [1] - Continuous cost control measures have led to a decrease in the period expense ratio [1]

Core Insights - The company expects an improvement in gross margin for the second quarter compared to the previous quarter [1] - The validation of the company's products at wafer fabs and storage factories is progressing smoothly [1] Summary by Categories Financial Performance - The company anticipates a quarter-on-quarter improvement in gross margin for Q2 [1] Product Development - The validation process for the company's products in wafer fabs and storage factories is proceeding without issues [1]