Key takeaway Relying on the expansion of its product matrix and global market presence, the company continued to expand its business scale. Revenue in 2025 increased by 27% YoY, among which overseas markets grew faster. In 2025, the company generated overseas revenue of RMB1.401bn, up 74.47% YoY. Since 2H25, the company’s revenue growth has slowed due to reduced purchases by a single major customer. In 1Q26, revenue faced short-term YoY pressure. Looking ahead, the impact from this customer is expected to gradually diminish in subsequent quarters, and the company’s revenue is likely to return to a growth trajectory. With the development of AI applications, edge AI and high computing power modules will further open broad future growth space for the company.

Event

The company released its 2025 financial results: In 2025, the company recorded operating revenue ofRMB3.747bn, up 27.39% YoY; net profit attributable to shareholders of the parent company was RMB143mn, up 5.27% YoY.

The company released its 1Q26 report. In 1Q26, the company recorded operating revenue of RMB928mn, down 6.97% YoY; net profit attributable to shareholders of the parent company was RMB47mn, up 0.76% YoY.

Quick Take

1. 2025 revenue up 27% YoY, overseas growth stands out. In 2025, the company recorded operating revenue of RMB3.747bn, up 27.39% YoY; net profit attributable to shareholders of the parent company was RMB143mn, up 5.27% YoY; net profit attributable to shareholders of the parent company excluding non? recurring items was RMB127mn, up 0.19% YoY.