（文/罗叶馨梅）10月10日晚间，全志科技（300458.SZ）发布业绩预告，预计2025年前三季度归属于上市公司股东的净利润为2.6亿元至2.9亿元，同比增长 72.20%至92.06%；预计第三季度单季净利润为1亿元至1.3亿元，同比大幅增长213.23%至307.2%。 在此前的业绩说明会上，全志科技表示，公司基于RISC-V架构内核开发的多款芯片产品已实现大规模量产，未来将根据客户需求持续推出新产品和解决方 案。目前公司12nm工艺产品已进入量产阶段，并在高端异构计算平台方面持续研发迭代。 券商研报指出，公司在扫地机器人、智能汽车电子及智慧视觉等细分领域收入实现较快增长，期间费用管控良好。长城证券分析认为，公司通过产品结构优 化和新应用拓展，成功扩大下游应用覆盖面，带动整体盈利能力提升。 西南证券研报进一步指出，全志科技正打造序列化通用异构计算平台，推动多领域智能化。公司A733高端八核平台实现量产，T527V车载芯片进入试产阶 段，同时新一代机器人芯片MR153和智慧安防芯片V861已完成样品验证，显示公司产品矩阵持续完善。 业内人士认为，全志科技凭借在AI算法、嵌入式计算与高性能SoC的研发优势， ...

Core Viewpoint - The company reported strong financial performance for the first half of 2025, with significant revenue and profit growth driven by market demand recovery and effective cost management [1][4]. Financial Performance - In H1 2025, the company achieved revenue of 1.337 billion yuan, representing a year-on-year increase of 25.82% [1] - The net profit attributable to shareholders reached 161 million yuan, up 35.36% year-on-year [1] - The company successfully reduced its expense ratios, with sales expense ratio at 1.72% (down 0.54 percentage points), management expense ratio at 2.09% (down 0.45 percentage points), and R&D expense ratio at 20.57% (down 4.27 percentage points) [1] Product Development and Market Position - The company is enhancing product competitiveness through new technologies and accelerating its application market layout [2] - A new generation of smart flat panel chip A333 has been validated and mass-produced [2] - The MR536 chip for robotic applications has achieved large-scale production, and the MR153 control robot chip has been released [2] - In the smart vision sector, the V861 security chip has completed sampling and validation [2] - The second generation of smart projection chip H723 has undergone trial production, and the H135 series chip for ultra-micro projection has been mass-produced [2] Strategic Initiatives - The company is actively exploring AI multimedia and display technologies, focusing on AI-based smart decoding and display products [3] - In the smart automotive electronics market, the T527V pre-installation project is progressing, and new customers and projects are being developed [3] - The T736 smart cockpit solution is gradually being delivered, with ongoing discussions for new customer projects [3] - The company has accumulated various intelligent module solutions through collaboration with leading domestic automotive enterprises [3] - Future plans include exploring opportunities for large model technology in vehicle intelligence applications [3] Profit Forecast - The company is projected to achieve revenues of 2.938 billion, 3.580 billion, and 4.308 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 349 million, 490 million, and 641 million yuan [4] - Corresponding price-to-earnings ratios are expected to be 103.20, 73.63, and 56.24 times for the respective years [4]