Ankai Micro: Net profit loss of 139 million yuan in 2025

Ankaiwei releases earnings report, achieving operating revenue of 537 million yuan in 2025, a year-on-year increase of 1.87%; net loss of 139 million yuan. During the reporting period, benefiting from sustained market demand and the successful introduction of some new products to the market, the company’s chip shipments increased compared to the same period last year, and operating revenue remained stable with slight growth. However, due to ongoing industry market competition, some product lines faced continuous price pressure. Although there was some relief in the fourth quarter of 2025, the gross profit for the full year of 2025 declined year-on-year. From the end of 2024 to 2025, the company completed tape-outs for 7 ongoing projects and continued to maintain high R&D investment, leading to increased R&D expenses. Due to fluctuations in the US dollar exchange rate and reduced interest income from cash management, financial expenses increased. Based on prudence, the company tested assets showing signs of impairment and recognized impairment losses, resulting in increased asset impairment losses. Under the combined influence of these factors, the company’s operating profit, total profit, net profit attributable to owners of the parent company, net profit attributable to owners of the parent company excluding non-recurring gains and losses, and basic earnings per share all declined.