Juchen Co., Ltd. (688123.SH) Performance Express: Net profit for 2025 is 363 million yuan

Gelonghui February 13 | Juchen Co., Ltd. (688123.SH) announced its 2025 annual performance forecast. During the reporting period, the demand structure across downstream application markets showed significant differentiation, with some product lines experiencing substantial fluctuations in market sales. Benefiting from continuous improvement in product layout in high-value-added markets in recent years and ongoing efforts to promote, sell, and provide comprehensive services for new products, the company’s shipments of DDR5 SPD chips, automotive-grade EEPROM chips, and high-performance industrial-grade EEPROM chips achieved rapid growth compared to the same period last year. Optical Image Stabilization (OIS) camera motor driver chips integrated into multiple mainstream mid-to-high-end smartphone models have been commercialized, further optimizing the product sales structure. This has led to a 2.46 percentage point increase in the company’s overall gross profit margin compared to the same period last year, effectively alleviating the impact of demand fluctuations in some downstream markets and becoming an important driver for the company’s revenue expansion and profitability improvement. The company achieved an operating revenue of 1.221 billion yuan for the year, with net profit attributable to the parent company of 363 million yuan, representing year-over-year increases of 18.73% and 25.01%, respectively, both reaching record highs for the same period.

Meanwhile, the company continuously enhances its R&D capabilities, with annual R&D investment reaching 209.9953 million yuan, a year-over-year increase of 19.01%, the highest level in history for the same period. During the reporting period, leveraging its leading R&D strength and collaborating with globally leading storage manufacturers that set industry standards and product specifications, the company took the lead in launching VPD chips supporting next-generation high-performance storage devices. These chips provide key parameter management, device identification, and system-level verification capabilities, becoming the first to enter the design verification stage supporting the company’s new generation enterprise SSD modules and CXL memory expansion modules. Additionally, to enhance market competitiveness in automotive electronics and high-performance industrial applications, the company continuously upgrades products through process improvements and design optimizations, rapidly expanding and refining its product layout in these fields. The series of high-reliability storage chips developed have been widely used in 16 of the top 20 global automotive brands and all of the top 20 domestic automotive brands, with product sales and revenue rapidly increasing their proportion of the company’s overall business, further enriching the company’s business structure.