证券之星消息，2025年9月5日翱捷科技（688220）发布公告称大成基金、华夏基金、平安养老、博时基 金、南方基金、海富通、前海开源、光大证券、中信证券、国泰海通、中泰证券、银河基金、华泰证券、 国信证券、嘉实基金、华安基金、工银瑞信、广发基金、兴全基金、交银施罗德、太平基金于2025年9月1 日调研我司。 具体内容如下： 答：公司为平台性芯片设计公司，拥有丰富的SoC项目经验，擅长处理高复杂度的芯片设计工作，且本身 自研手机芯片，拥有自研的VPU/ISP/DPU等核心模块，在图形、图像和信号处理方面，可实现更高的集成 度和功耗控制；在内存与总线架构优化方面，能够设计高效的内存控制器、片上总线，可减少数据延迟， 提升多核心数据交互效率；在多媒体与I算力集成方面，拥有自研专用神经网络处理器，可实现I加速器 （NPU）深度定制，适配图像识别、语音处理等I任务；在高速接口方面，拥有自研的DDR、PCIE、USB 等核心接口IP，适用于各种端侧P应用场景。基于以上优势，对于端侧客户，包括在车载中控、机器人小 脑等相关领域的需求，公司持开放态度，并承接相关定制业务。 问：公司目前芯片定制业务在手订单情况如何？具体客户 ...

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [4]. Core Viewpoints - The company achieved a revenue of 3.386 billion RMB in 2024, representing a year-on-year increase of 30.23%. However, the net profit attributable to the parent company was -693 million RMB, a decline of 37.01% year-on-year [1][3]. - The company is experiencing strong growth in its chip business, particularly in the cellular IoT segment, which has led to significant revenue increases. The main business segments include chip products (89.02%), custom chip services (9.92%), and semiconductor IP licensing (1.04%) [1][2]. - The company continues to invest heavily in R&D, with approximately 1.242 billion RMB allocated in 2024, accounting for 36.68% of its revenue. This investment supports ongoing product upgrades and technological innovation [2][3]. Financial Data and Projections - The company forecasts revenues of 4.571 billion RMB in 2025, with a growth rate of 35%. The projected net profit for 2025 is -330 million RMB, improving to 60 million RMB in 2026 and 199 million RMB in 2027 [3][11]. - The EBITDA for 2024 is projected at 861.49 million RMB, with a significant increase in operating income expected in the following years [3][11]. - The company’s total assets are projected to reach 9.845 billion RMB by 2027, with a debt-to-equity ratio of 41.42% [11].