The memory control chip manufacturer group announced the second quarter of 2025 financial report. Its post-tax profit was 745 million yuan, a decrease of 34.7% from the first quarter and 69.6% from the same period in 2024, and EPS reached 3.6 yuan....
The memory control chip manufacturer group announced the second quarter of 2025 financial report. Its post-tax profit was 745 million yuan, a decrease of 34.7% from the first quarter and 69.6% from the same period in 2024, and EPS reached 3.6 yuan.
Group Co., Ltd. stated that the merger revenue in the second quarter of 2025 was 17.89 billion yuan, an increase of 29.3% compared with the first quarter and 12.6% compared with the same period in 2025, a record high in a single quarter. The gross profit margin was 29.1%, a decrease of 1.8 percentage points from the first quarter and 5.8 percentage points from the same period in 2024. The net profit after tax was RMB 745 million, a decrease of 34.7% from the first quarter, and a decrease of 69.6% from the same period in 2024, with an EPS of RMB 3.6. According to the cumulative calculation, the combined investment in the first half of 2025 was RMB 31.73 billion, a decrease of 2.1% from the same period in 2024. The gross profit margin is 30%, a decrease of 4.6 percentage points from the same period in 2024. The net profit after tax was 1.89 billion yuan, a decrease of 61.3% from the same period in 2024, and EPS reached 9.14 yuan.
Pan Jiancheng, executive director of Group Electronics, said that in the second quarter, facing the challenge of continuous tight supply in the global storage market, Group will focus on the layout of medium and high-level storage application, seize the value of the product and reduce the risk of falling into low-price competition. In addition, we have also observed that the substrate loading required for NAND control chips and SiP/System-in-Package storage modules are in short supply, and the capacity reduction and price efficiency of the packaging factory also delays delivery time. Faced with these challenges, the group has continued to maintain close communication with supply chains and customers, and strive to meet global order demand.
In terms of product, the market share of group connections in the mobile phone market has grown vigorously, and the enterprise-level PCIe 5.0 SSD revenue has surpassed PCIe 4.0, showing that the demand for high-speed storage by servers and data centers has risen smoothly. At the same time, through customer manufacturing solutions, we also help the vehicle factory create differentiated vehicle storage products and continuously increase its market share. In addition, in the field of AI, the group-connected aiDAPTIV+ solution has been introduced into the campus with AITP C (AI Training PC) and has begun to bloom everywhere, and will continue to promote popularization and implement applications, injecting positive growth energy into the company.
Pan Jiancheng emphasized that in the face of the profit pressure of exporters brought by the US dollar's rapid short-term online market, Qunlian will continue to launch high-gross profit products and maintain good inventory management to stabilize gross profit margins. Furthermore, since our main raw materials are mostly priced and paid in US dollars, this helps balance the impact of exchange rate fluctuations, and reduces the risk of foreign exchange losses through careful management of US dollar assets and debt areas. At the same time, we believe that the NAND storage market will continue to grow with possible supply tightening and enterprise-level SSD demand, so we initiated the third convertible company bond issuance, strengthening capital to address future opportunities and challenges for the market.
