Core Insights - Company reported significant revenue and profit growth in Q3 2025, with operating income reaching 1.424 billion yuan, a year-on-year increase of 57.22% [1] - The company launched multiple new products, including the CXL 3.1 memory expansion controller chip, aimed at enhancing data center performance [2] - The company is benefiting from the rising demand for DDR5 memory interface chips, driven by trends in the AI industry and the growth of domestic DRAM manufacturers [3] Financial Performance - In Q3 2025, the company achieved a net profit of 473 million yuan, up 22.94% year-on-year, and a net profit of 811 million yuan after excluding share-based payment expenses, marking a 105.78% increase [1] - For the first three quarters of the year, the company reported total revenue of 4.058 billion yuan, a 57.83% increase, and a net profit of 1.632 billion yuan, up 66.89% [1] Product Development - The company’s DDR5 memory interface chip sales saw a significant increase, with the third generation RCD chip sales surpassing the second generation for the first time [1] - The CXL 3.1 MXC chip supports CXL.mem and CXL.io protocols, providing higher bandwidth and lower latency for next-generation data center servers [2] - The company completed mass production of the DDR5 fourth generation RCD04 chip, which offers a data transfer rate of up to 7200 MT/s, exceeding the previous generation by over 12.5% [2] Market Position - The company is the only Chinese supplier among the three memory interface chip vendors and is actively involved in the development of JEDEC product standards [3] - The company has reported an order backlog exceeding 140 million yuan for DDR5 second generation MRCD/MDB chips to be delivered in the next six months [3]