证券代码：688049 证券简称：炬芯科技 公告编号：2026-005 炬芯科技股份有限公司 注：1.上年同期基本每股收益已按照公司2024年年度权益分派实施后的总股本调整计算，其他期初数同 上年年报披露的年末数。 2.上述数据均按四舍五入原则保留至小数点后两位数。 3.以上财务数据及指标以合并报表数据填列，但未经审计，最终结果以公司2025年年度报告为准。 二、经营业绩和财务状况情况说明 2025年度业绩快报公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以炬芯科技股份 有限公司（以下简称"公司"）2025年年度报告中披露的数据为准，请投资者注意投资风险。 一、2025年度主要财务数据和指标 单位：万元 ■ （一）报告期的经营情况、财务状况及影响经营业绩的主要因素 2025年度，公司实现营业收入92,237.87万元，同比增长41.50%；实现归属于母公司所有者的净利润 20,459.01万元，同比增长91.95%；归属于母公司所有者的 ...

格隆汇2月26日丨炬芯科技(688049.SH)公布2025年度业绩快报，2025年度，公司实现营业收入9.22亿 元，同比增长41.50%；实现归属于母公司所有者的净利润2.05亿元，同比增长91.95%；归属于母公司所 有者的扣除非经常性损益的净利润1.92亿元，同比增长145.02%。 报告期内，公司加大研发投入，研发投入2.39亿元，同比增长11.21%。公司全力推动芯片产品谱系的迭 代升级，存内计算技术深度赋能全产品线，面向智能穿戴赛道的 ATW609X 芯片正式面市。公司正稳步 推进第二代存内计算技术IP 研发，致力于实现单核 NPU 算力的显著提升、能效比进一步优化及对 Transformer 模型的全面支持。同时，下一代私有协议研发同步推进，以持续提升无线传输带宽、降低 传输延迟、增强抗干扰性能。公司从芯片硬件算力强化、无线连接技术突破、音频算法迭代升级及开发 生态完善四个维度，全方位构筑技术护城河。得益于清晰的战略聚焦与高效的运营执行，公司营业收入 增速显著高于费用增速，规模效应有效带动盈利水平整体提升。未来，公司将继续聚焦下游市场需求， 增强产品矩阵竞争力，将端侧 AI 音频能力注入广阔的 ...

报告期内，立足深厚的音频技术积累，公司以端侧AI 技术赋能实现了向多元 AIoT 场景延伸，斩获亮眼 的经营成果，盈利规模与质量实现双向进阶。凭借创新的技术架构与卓越的产品性能，公司基于第一代 存内计算技术的端侧AI 音频芯片推广进展顺利，多家头部品牌的多个项目已成功立项并陆续量产。其 中，面向低延时私有无线音频领域的客户终端产品率先完成量产，完成端侧AI 技术从技术验证到商业 化落地的全链路闭环；面向端侧 AI 处理器芯片领域的客户终端亦在 CES 全球消费电子展正式发布，进 一步拓宽了应用场景边界。在端侧产品 AI化的行业浪潮驱动下，公司产品矩阵协同效应显著：端侧AI 处理器芯片应用于头部音频品牌的高端音箱、Party 音箱等产品，终端渗透率快速提升，带动相关收入 实现倍数增长；低延迟高音质无线音频产品需求持续强劲，销售额保持高速增长；蓝牙音箱 SoC 芯片 系列在头部音频品牌中的份额稳步提升，客户合作向更高价值与更深层次演进，为长远发展筑牢根基。 报告期内，公司加大研发投入，研发投入2.39亿元，同比增长11.21%。公司全力推动芯片产品谱系的迭 代升级，存内计算技术深度赋能全产品线，面向智能穿戴赛道的 ...

Core Viewpoint - The company has released its 2025 performance forecast, indicating significant growth in revenue and net profit, while continuing to advance its edge AI products and technology iterations [1][2]. Financial Performance - The company expects a total revenue of 922 million yuan for 2025, representing a year-on-year increase of 41.44% - The projected net profit attributable to shareholders is 204 million yuan, reflecting a year-on-year growth of 91.40% - The formal annual report is expected to be released at a later date, with specific timing to be announced [2]. Business Development - The company is actively promoting new products such as edge AI processor chips, with steady progress in the research and development of the second-generation in-memory computing technology IP, aiming for enhanced computing power and energy efficiency - The ATW609X chip, targeting the smart wearable sector, is prepared for release, although the exact timing has not been specified [3]. Related Transactions - The company anticipates a total amount of 82.4 million yuan in daily related transactions for 2026, with relevant proposals approved during the temporary shareholders' meeting on January 13, 2026 - The implementation status of these transactions will be monitored in periodic reports [4].

Core Viewpoint - Juchip Technology has officially launched four chip series utilizing the first-generation in-memory computing technology, targeting various audio and AI processing applications [2] Group 1: Product Series Overview - The first series, ATS323X, is designed for low-latency, high-quality private wireless audio applications [2] - The second series, ATS286X, targets Bluetooth AI audio applications [2] - The third series, ATS362X, is aimed at edge AI processing [2] - The fourth series, ATW609X, focuses on smart wearable devices [2] Group 2: Market Performance and Client Adoption - The ATS323X has been integrated into brand clients' wireless microphones and gaming headsets, achieving excellent market performance, with other brand client products set to launch soon [2] - The ATS362X has been adopted by leading brand clients in multiple products, with some officially unveiled at CES [2] - Smart wearable products based on the ATW609X, such as AI glasses, are expected to be released shortly [2]

Core Insights - The global semiconductor industry has experienced new opportunities amidst challenges in the past year, with the company adhering to its core values of innovation, quality, customer-first, integrity, passion, and dedication [1][2] - The company has expanded its collaboration with top global brands, leading to increased market penetration in high-end segments and positioning itself as a key player in the next-generation audio experience [2] Company Strategy - In 2026, the company will focus on three main directions: enhancing chip capabilities by accelerating the launch of the next-generation high-efficiency edge AI chip platform, improving AI computing power under low power consumption, and ensuring compatibility with Transformer models [1][3] - The company aims to build a collaborative ecosystem for edge AI hardware by leveraging mature solutions to support partners across diverse product forms [1][3] - The company plans to extend its mature edge AI audio capabilities into broader AIoT scenarios, empowering various industries [1][3] Product Development - The first generation of the company's edge AI audio chip has achieved significant breakthroughs, enabling mass production in low-latency wireless audio applications, marking a complete transition from technical validation to commercial implementation [3] - The company has initiated projects with leading clients for high-end audio products, with new products expected to launch in 2026 [3] - The new generation of edge AI chips is set to enhance the company's core competitiveness in the AIoT field [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company is expected to achieve significant revenue growth in 2025, with total revenue projected at 921.74 million yuan, representing a year-on-year increase of 41.40%. The net profit attributable to shareholders is forecasted to reach 203.87 million yuan, a substantial growth of 91.28% year-on-year [1][7] - The core product line is expanding, with the company's AI-enabled audio chips gaining traction in the market. The sales of low-latency, high-quality wireless audio products are experiencing rapid growth, and the penetration rate of Bluetooth audio SoC chips among leading audio brands is steadily increasing [7] - The company is increasing its R&D investment, with an estimated R&D expenditure of approximately 240 million yuan in 2025, reflecting an 11.56% year-on-year growth. This investment supports the development of next-generation products and technologies [7] Financial Projections - The company's revenue projections for 2025-2027 are adjusted to 9.22 billion yuan, 12.31 billion yuan, and 15.75 billion yuan, respectively. The net profit attributable to shareholders is expected to be 2.04 billion yuan, 2.73 billion yuan, and 3.76 billion yuan for the same period [7][8] - The net profit margin for 2025 is anticipated to reach 22.13%, an increase of 5.78 percentage points compared to the same period in 2024, indicating a continuous improvement in core profitability [7] - The earnings per share (EPS) for 2025 is projected to be 1.16 yuan, with a price-to-earnings (P/E) ratio of 47.84 based on the latest diluted EPS [1][8]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company is expected to achieve significant revenue growth in 2025, with total revenue projected at 9.22 billion yuan, representing a year-on-year increase of 41.44%. The net profit attributable to shareholders is forecasted to be 2.04 billion yuan, a year-on-year growth of 91.40% [7] - The company's core product line, particularly the edge AI technology applied to audio chips, is expected to create a competitive advantage. The sales of low-latency, high-quality wireless audio products are experiencing rapid growth, with a steady increase in market penetration among leading audio brands [7] - The company is increasing its R&D investment, with an estimated R&D expenditure of approximately 240 million yuan in 2025, reflecting an 11.56% year-on-year growth. This investment supports the launch of new products and the advancement of next-generation technologies [7] Financial Projections - The company's revenue projections for 2025-2027 are adjusted to 9.22 billion yuan, 12.31 billion yuan, and 15.75 billion yuan, respectively. The net profit attributable to shareholders is expected to be 2.04 billion yuan, 2.73 billion yuan, and 3.76 billion yuan for the same period [7] - The earnings per share (EPS) is projected to increase from 0.61 yuan in 2024 to 2.14 yuan in 2027, indicating a strong growth trajectory [8] - The net profit margin is expected to improve to 22.13% in 2025, up from 16.35% in 2024, showcasing enhanced core profitability [8]

Core Viewpoint - The company, Juchip Technology, forecasts significant growth in revenue and net profit for the year 2025, driven by its focus on AI transformation and product innovation [2][6]. Financial Performance Forecast - The company expects to achieve an operating revenue of 922 million yuan in 2025, an increase of 270.12 million yuan, representing a year-on-year growth of 41.44% [2]. - The projected net profit attributable to the parent company is 204 million yuan, an increase of 97.42 million yuan, reflecting a year-on-year growth of 91.40% [2]. - The net profit after deducting non-recurring gains and losses is expected to be 192 million yuan, an increase of 113.45 million yuan, indicating a year-on-year growth of 144.42% [2]. Profitability Metrics - The anticipated net profit margin for 2025 is 22.13%, an increase of 5.78 percentage points compared to the 2024 net profit margin of 16.35% [3]. Previous Year Performance - In 2024, the company reported an operating revenue of 651.88 million yuan and a net profit attributable to the parent company of 106.58 million yuan [5]. Drivers of Performance Change - The company attributes its performance growth to a focus on AI transformation, increased R&D investment, and successful product iterations, particularly in the AI audio chip sector [6]. - The company has successfully launched multiple projects with leading brands, enhancing its market presence and product offerings [6]. - The demand for low-latency, high-quality wireless audio products has surged, contributing to significant revenue growth [6]. R&D Investment - The company invested approximately 240 million yuan in R&D, a year-on-year increase of 11.56%, to enhance its product line and technology capabilities [7]. - The company is advancing its second-generation in-memory computing technology and developing next-generation private protocols to improve wireless transmission [7]. Future Outlook - The company plans to continue focusing on downstream market demands and enhancing its competitive product matrix to ensure long-term stable growth [8].

Core Viewpoint - The company forecasts significant growth in revenue and net profit for the year 2025, driven by its focus on AI transformation and product innovation [2][5]. Performance Forecast - The company expects to achieve an operating revenue of 922 million yuan in 2025, an increase of 270.12 million yuan, representing a year-on-year growth of 41.44% [2]. - The projected net profit attributable to the parent company is 204 million yuan, an increase of 97.42 million yuan, reflecting a year-on-year growth of 91.40% [2]. - The net profit after deducting non-recurring gains and losses is expected to be 192 million yuan, an increase of 113.45 million yuan, indicating a year-on-year growth of 144.42% [2]. Financial Metrics - The estimated net profit margin for 2025 is 22.13%, an increase of 5.78 percentage points compared to the net profit margin of 16.35% in 2024 [3]. Previous Year Performance - In 2024, the company reported an operating revenue of 651.88 million yuan, with a total profit of 108.19 million yuan and a net profit attributable to the parent company of 106.58 million yuan [4]. Reasons for Performance Changes - The company has focused on AI transformation for edge products, increasing R&D investment and accelerating new product iterations, resulting in significant operational achievements [5]. - The successful promotion of edge AI audio chips based on first-generation in-memory computing technology has led to multiple projects being launched and mass-produced [5]. - The company has seen a substantial increase in market penetration and sales revenue for its edge AI processor chips and low-latency high-quality wireless audio products [5]. - R&D expenses totaled approximately 240 million yuan, reflecting an increase of 11.56% year-on-year, supporting the iterative upgrade of chip products [6]. - The company aims to enhance its competitive edge by focusing on downstream market demands and deepening AI technology R&D and market promotion [6].