Rockchip Electronics (603893) H2 2025 earnings summary

Executive summary

• Achieved record revenue of ¥4.40 billion in 2025, up 40.36% year-over-year, and net profit of ¥1.04 billion, up 74.82% year-over-year, both historical highs.

• AIoT SoC platforms such as RK3588, RK3576, and RV11 series drove rapid growth across automotive electronics, robotics, and industrial applications.

• Gross margin improved by 4.36 percentage points to 41.95% compared to 2024, reflecting optimized product mix and scale effects.

• R&D investment reached ¥684 million, supporting the launch of new products including the world's first 3D architecture co-processor RK182X.

Financial highlights

• Revenue: ¥4,402,090,888.24, up 40.36% year-over-year.

• Net profit attributable to shareholders: ¥1,039,952,125.00, up 74.82% year-over-year.

• Operating cash flow: ¥1,068,773,781.48, down 22.52% year-over-year due to increased inventory procurement.

• Basic EPS: ¥2.48, up 74.65% year-over-year; diluted EPS: ¥2.46.

• Gross margin: 41.95%, up 4.36 percentage points year-over-year.

• R&D expenses: ¥683,863,316.41, up 21.19% year-over-year, accounting for 15.53% of revenue.

Outlook and guidance

• Expects continued strong growth in 2026, driven by global AI and semiconductor demand, with the global semiconductor market projected to grow 26.3% to $975 billion.

• Will focus on dual-track development of SoC and co-processor platforms, further strengthening R&D and ecosystem partnerships.

• Plans to launch next-generation flagship chips RK3668 and RK3688, and upgrade co-processor series to meet evolving AIoT needs.