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、准确性和完整性承担法律责任。 重要内容提示： ● 本期业绩预告适用情形：实现盈利，且净利润与上年同期相比上升50%以上 ● 杭州士兰微电子股份有限公司（以下简称"公司"）预计2025年度实现归属于母公司所有者的净利润为 32,980.17万元到39,576.20万元；预计2025年度实现归属于母公司所有者的扣除非经常性损益后的净利润 为28,602.64万元到35,198.67万元。 一、 本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 1、经公司财务部门初步测算，预计2025年度实现归属于母公司所有者的净利润为32,980.17万元到 39,576.20万元，与上年同期相比，将增加10,993.39万元到17,589.42万元，同比增加50%到80%。 2、预计2025年度实现归属于母公司所有者的扣除非经常性损益后的净利润为28,602.64万元到35,198.67 万元，与上年同期相比，将增加3,432.61万元到10,028.64万元，同比增加13 ...

Core Viewpoint - The company Silan Microelectronics (600460.SH) forecasts a net profit attributable to shareholders of 330 million to 396 million yuan for 2025, representing a year-on-year increase of 50% to 80% [1] - The company also expects a net profit of 286 million to 352 million yuan after deducting non-recurring gains and losses, reflecting a year-on-year increase of 13.64% to 39.84% [1] Group 1: Business Strategy and Performance - The company is implementing an "integration" strategy, focusing on high R&D investment and competitive product launches while expanding into high-barrier markets such as large home appliances, automotive, new energy, industrial, communications, and computing [1] - The overall revenue of the company has maintained a rapid growth momentum, supported by increased production and cost-reduction measures to effectively respond to intense market competition [1] - The comprehensive gross profit margin of the company's products has remained stable compared to 2024 [1] Group 2: Subsidiary Performance - Subsidiaries Silan Integrated, Silan Jixin, and important equity investee Silan Jike have achieved full-load production on their respective 5/6-inch, 8-inch, and 12-inch chip production lines, with profitability levels improving compared to 2024 [1] - Subsidiaries Chengdu Silan and Chengdu Jiajia have maintained stable production levels for power modules and power device packaging, with profitability remaining relatively stable compared to 2024 [1] Group 3: Challenges and Improvements - The operating losses of subsidiary Silan Minggan have increased compared to 2024, primarily due to the 6-inch SiC power device chip production line being in the ramp-up phase, leading to high fixed asset depreciation and high raw material costs amid declining market prices [2] - The company has developed various specifications of SiC power device chips to meet diverse demands in automotive, new energy, industrial, and home appliance sectors, with production output expected to gradually increase in the second half of 2025 and full production anticipated in 2026 [2] - The capacity utilization rate of Silan Minggan's LED chip production line has significantly improved compared to 2024, with substantial increases in production and sales, leading to a reduction in operating losses for the full year of 2025 compared to 2024 [2]

Core Viewpoint - The company Silan Microelectronics (600460.SH) forecasts a significant increase in net profit for 2025, projecting a net profit attributable to shareholders of 330 million to 396 million yuan, representing a year-on-year increase of 50% to 80% [1] Group 1: Financial Performance - The expected net profit excluding non-recurring gains is projected to be between 286 million and 352 million yuan, reflecting a year-on-year increase of 13.64% to 39.84% [1] - The company maintains a stable gross profit margin compared to 2024, despite facing intense market competition [1] Group 2: Strategic Initiatives - The company is implementing an "integration" strategy, focusing on high R&D investment and competitive product launches, while expanding into high-barrier markets such as large home appliances, automotive, new energy, industrial, communications, and computing [1] - The subsidiaries Silan Integrated, Silan Jixin, and the important equity investee Silan Jike have achieved full-capacity production of their respective chip production lines [1] Group 3: Subsidiary Performance - The subsidiary Silan Mingjia has seen an increase in operational losses compared to 2024, primarily due to the production ramp-up of its 6-inch SiC power device chip production line and high fixed asset depreciation costs [2] - The LED chip production line of Silan Mingjia has improved capacity utilization and sales volume, leading to a reduction in operational losses for the full year of 2025 compared to 2024 [2]

Core Insights - Company achieved significant revenue growth of 18.98% year-on-year, reaching 9.713 billion yuan in the first nine months of 2025, with a remarkable net profit increase of 1108.74% to 349 million yuan [1] - The company continues to implement its "integrated" strategy, focusing on competitive product offerings and expanding into high-barrier markets such as large home appliances, automotive, new energy, industrial, communications, and computing [1] - The semiconductor industry, where the company operates, is heavily supported by the government, with a rapid domestic chip replacement process underway, although competition is intensifying [2] Financial Performance - In Q3 2025, the company reported revenue of 3.377 billion yuan, a year-on-year increase of 16.88% and a quarter-on-quarter growth of 1.23% [1] - The net profit for Q3 was 84.27 million yuan, reflecting a year-on-year growth of 56.62% [1] - The net cash flow from operating activities for the first nine months was 1.199 billion yuan, an increase of 722.37% compared to the same period last year [1] Production Capacity - The company's subsidiaries maintained full production capacity across various chip production lines, including 5, 6, and 8-inch lines, as well as a 12-inch line [2] - The company anticipates continued growth in revenue for Q4 2025, supported by sustained full production across its silicon-based chip production lines [2] Strategic Focus - The company plans to enhance its IDM model by increasing investments in technology and product R&D, expanding production capacity, and strengthening brand development [2] - The company aims to adjust its product structure and improve overall cost management to maintain stable gross profit margins amid rising material costs and competitive pressures [2]