Core Viewpoint - Yangjie Technology (300373.SZ) reported significant growth in both revenue and net profit for the first three quarters of 2025, driven by the booming semiconductor industry and increased demand in various sectors such as automotive electronics and artificial intelligence [1][2]. Financial Performance - For the first three quarters of 2025, Yangjie Technology achieved revenue of 5.348 billion yuan, a year-on-year increase of 20.89%, and a net profit attributable to shareholders of 974 million yuan, up 45.51% [1]. - In Q3 2025, the company recorded revenue of 1.893 billion yuan, representing a 21.47% year-on-year growth, and a net profit of 372 million yuan, which is a 52.40% increase compared to the same period last year [1]. Gross Margin and R&D Investment - The gross margin for the first three quarters of 2025 was 35.04%, compared to 30.87% and 31.02% in the same periods of 2023 and 2024, respectively [3]. - R&D expenses increased by 10.35% year-on-year to 341 million yuan, reflecting the company's commitment to developing high-value new products [4]. Market Expansion and Product Development - Yangjie Technology's overseas revenue in H1 2025 reached 834 million yuan, a significant year-on-year increase of 34.97%, with overseas sales accounting for 24.13% of total revenue [4]. - The company is focusing on high-growth areas such as electric vehicles and renewable energy, leveraging domestic substitution policies to expand market share [4]. Strategic Acquisition - In September 2025, Yangjie Technology announced a major acquisition of Dongguan Better Electronics Technology Co., Ltd. for 2.218 billion yuan, marking the largest acquisition since its listing [5]. - Better Electronics specializes in power electronic protection components, and the acquisition is expected to enhance Yangjie Technology's product offerings and market position [6]. Stock Performance - Yangjie Technology's stock price has increased by over 80% this year, with a notable rise following a dip in early April [8]. - The stock opened high on October 20, 2025, and reached a peak of 82.48 yuan per share before closing at 78.79 yuan, with a total market capitalization of 42.8 billion yuan [1]. Shareholder Activity - Notably, the private equity firm Ruijun Asset has increased its stake in Yangjie Technology, reflecting growing investor confidence [9].