Nexchip Semiconductor (688249) Q3 2025 earnings summary

Executive summary

• Revenue for Q3 2025 reached RMB 2.93 billion, up 23.3% year-over-year, with YTD revenue at RMB 8.13 billion, up 19.99% year-over-year.

• Net profit attributable to shareholders for Q3 was RMB 218 million, a 137.18% increase year-over-year; YTD net profit was RMB 550 million, up 97.24%.

• Significant non-recurring income from technology transfer contributed to profit growth.

Financial highlights

• Gross margin improved as net profit growth outpaced revenue growth.

• Basic and diluted EPS for Q3 were RMB 0.11, up 120% year-over-year; YTD EPS was RMB 0.28, up 100%.

• Operating cash flow for the first nine months was RMB 2.67 billion, up 35.99% year-over-year.

• R&D investment for Q3 was RMB 384 million, with YTD R&D at RMB 1.08 billion, representing 13.1% of revenue.

Outlook and guidance

• Continued expansion in sales volume and revenue scale expected to drive future profit growth.