Over 70% of Electronics Companies Report Profits in Q3; Cambricon and Yuanjie Semiconductor Turn Losses into Gains

Deep News11-12

In the first three quarters of 2025, the 487 companies in the Shenwan electronics sector collectively reported revenue of 2.95 trillion yuan, marking a 17.5% year-on-year increase. Their combined net profit attributable to shareholders reached 146.2 billion yuan, up 33.11% year-on-year.

Leading the revenue rankings were Industrial Fulian, Luxshare Precision, and BOE Technology Group, with revenues of 603.9 billion yuan, 220.9 billion yuan, and 154.5 billion yuan, respectively. Over 70% of companies in the sector saw year-on-year revenue growth, with Cambricon Technologies Corporation Limited, Nanjing Guang, Yuanjie Semiconductor Technology Co., Ltd., and Shengyi Electronics posting the highest growth rates.

Cambricon Technologies Corporation Limited led in revenue growth, reporting a 2,386.38% surge to 4.61 billion yuan in the first three quarters, driven by market expansion and AI application deployment. The company also completed a 3.99 billion yuan private placement on October 20.

In terms of profitability, over 70% of electronics companies reported net profits. Industrial Fulian and Luxshare Precision each recorded net profits exceeding 10 billion yuan. Nearly 60% of firms saw year-on-year profit growth, while more than 30 companies, including Yuanjie Semiconductor Technology Co., Ltd. and Cambricon Technologies Corporation Limited, turned losses into gains.

The average gross margin for the sector was 25.68%, down 0.3 percentage points year-on-year. Xindong Lianke and Zhenlei Technology maintained gross margins above 80%, while Huaying Technology, Shanghai Sinyang Semiconductor, and Everdisplay Optronics reported negative margins. Helitai and Yuanjie Semiconductor Technology Co., Ltd. saw significant gross margin improvements.

Yuanjie Semiconductor Technology Co., Ltd. reported revenue of 383 million yuan, up 115.09% year-on-year, and net profit of 106 million yuan, reversing previous losses. The growth was attributed to increased shipments of CW silicon photonics products for data centers, higher-margin business contributions, and optimized product structure.

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