2025年第二季度开始，受益于存储芯片市场供给格局的有利变化，以及AI服务器、高端手机、PC换机 等终端需求的集中释放带来的结构优化，公司主要存储芯片产品的营业收入较去年同期有所上升；公司 MCU产品以及Driver等模拟类新产品自推出后，立足于公司相关产品的技术优势和方案精准落地，公司 抓住市场窗口期、产品力与商业策略高效协同，使得公司"存储+"系列产品市场份额持续快速提升，基 于此，公司整体收入相较于去年有所增长。 格隆汇1月26日丨普冉股份(688766.SH)公布，经财务部门初步测算，预计2025年年度实现归属于母公司 所有者的净利润约为20,500万元，同比减少29.89%左右；公司预计2025年年度实现归属于母公司所有者 的扣除非经常性损益的净利润约为17,000万元，同比减少36.87%左右；公司预计2025年年度实现营业收 入约为232,000万元，同比增加28.63%左右。 ...

智通财经APP讯，普冉股份(688766.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净 利润约为2.05亿元，与上年同期(法定披露数据)相比，将减少8,741.66万元左右，同比减少29.89%左右。 ...

2025 年 1 月 1 日至 2025 年 12 月 31 日（以下又称"报告期"）。 （二）业绩预告情况 1、经公司财务部门初步测算，公司预计 2025 年年度实现归属于母公司所有 者的净利润约为 20,500 万元，与上年同期（法定披露数据）相比，将减少 8,741.66 万元左右，同比减少 29.89%左右； 证券代码：688766 证券简称：普冉股份 公告编号：2026-006 普冉半导体（上海）股份有限公司 2025 年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 一、本期业绩预告情况 （一）业绩预告期间 2、公司预计 2025 年年度实现归属于母公司所有者的扣除非经常性损益的 净利润约为 17,000 万元，与上年同期（法定披露数据）相比，将减少 9,926.79 万元左右，同比减少 36.87%左右； 3、公司预计 2025 年年度实现营业收入约为 232,000 万元，与上年同期（法 定披露数据）相比，将增加 51,643.03 万元左右，同比增加 28.63%左右。 （三 ...

Core Viewpoint - The company expects a significant decrease in net profit for 2025, with a projected net profit of approximately 205 million yuan, representing a year-on-year decline of about 29.89% [1]. Group 1: Main Business Impact - Starting from the second quarter of 2025, the company anticipates an increase in revenue from its main storage chip products due to favorable changes in the storage chip market supply and a surge in demand from AI servers, high-end smartphones, and PC replacements [1]. - The company is focusing on continuous iteration and optimization of its storage chip products and increasing R&D investment in "storage+" chip products to maintain and expand its core competitive advantages [1]. - The total employee compensation has significantly increased due to the expansion of the R&D team, leading to a notable rise in overall management, operational, and sales expenses, which collectively increased by approximately 90 million yuan compared to the previous year [1]. Group 2: Inventory and Impairment - The company has adopted a proactive supply chain strategy, resulting in a higher inventory level and a decrease in inventory turnover rate, leading to an increase in asset impairment losses by approximately 63 million yuan year-on-year [1]. Group 3: Acquisition Impact - In November 2025, the company acquired 51% of Zhuhai Noah Changtian Storage Technology Co., Ltd., which positively impacted the company's profits during the reporting period [1]. - The acquisition is expected to contribute approximately 35 million yuan to the net profit attributable to the parent company and about 27 million yuan to the net profit after excluding non-recurring gains and losses [1]. - The newly acquired company is expected to enhance the company's product line and core competitiveness in the storage chip sector, contributing approximately 210 million yuan to the revenue and 20 million yuan to the net profit attributable to the parent company during the reporting period [1].

Group 1 - The company expects to achieve a net profit attributable to shareholders of approximately 205 million yuan for the year 2025, representing a year-on-year decrease of about 29.89% [1] - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, of approximately 170 million yuan, reflecting a year-on-year decrease of around 36.87% [1] - The company projects an operating revenue of approximately 2.32 billion yuan for 2025, indicating a year-on-year increase of about 28.63% [1]

Market Overview - US stock market continues to rise, with Dow Jones up 0.63%, Nasdaq up 0.91%, and S&P 500 up 0.55% [1] - Meta shares increased by 5.66%, marking the largest single-day gain since July 31 [1] - Tesla shares rose by 4.15%, while Microsoft and Amazon saw increases of at least 1.31% [1] Company Developments - Intel's Q1 guidance is disappointing, leading to a post-market drop of over 10% [2] - Nvidia completed a $5 billion investment in Intel in Q4 [2] - Tesla plans to sell humanoid robots to the public by the end of this year or next year [3] - OpenAI is quietly developing humanoid robots with a team of 100 in San Francisco [4] - Meta's Threads platform has surpassed 400 million monthly active users and is launching ads globally [5] Commodity Insights - Goldman Sachs raised its gold price target to $5,400, indicating that wealthy individuals are competing with central banks for limited physical reserves [6] - COMEX gold futures rose by 1.97%, while silver futures increased by 4.05%, both reaching historical highs [7] - US natural gas futures prices surged by 81% within three days, reaching the highest level since December 2022 [7] Regulatory and Policy Updates - The People's Bank of China (PBOC) Governor Pan Gongsheng stated there is still room for further interest rate cuts and reserve requirement ratio reductions this year [8] - The Ministry of Commerce and other departments encourage horizontal mergers and acquisitions in the pharmaceutical retail sector [12] - The State Council's Food Safety Office is drafting national standards for prepared dishes and will seek public opinions soon [12] Industry Trends - The semiconductor industry is seeing significant developments, with Alibaba's T-HEAD planning for an independent IPO [10] - The prepared food sector is undergoing a transformation, with a focus on quality and safety in the supply chain [11] - The retail pharmacy industry is expected to accelerate consolidation, with a projected decrease in the number of pharmacies by nearly 20,000 since Q4 2024 [13] Financial Projections - Zhaoyi Innovation expects a net profit of approximately 1.61 billion yuan for 2025, a 46% increase year-on-year [17] - Shengmei Shanghai anticipates revenues between 6.68 billion and 6.88 billion yuan for 2025, reflecting a growth of 18.91% to 22.47% [18] - Runtu Co. forecasts a net profit of 600 million to 700 million yuan for 2025, representing a growth of 181.05% to 227.89% [18]

Core Viewpoint - The storage chip sector continues its upward trend, driven by a surge in demand due to the artificial intelligence boom and supply shortages, indicating a new "super cycle" in the global storage market [1]. Group 1: Market Performance - Yingfang Micro has reached its daily limit increase, while Shengke Nano and Langke Technology have risen over 10% [1]. - Other companies such as Lanke Technology, Purun Co., and Huatian Technology also experienced gains [1]. Group 2: Industry Trends - The U.S. stock market for storage has seen a significant rally, with major manufacturers' stock prices hitting historical highs [1]. - The demand for storage chips is experiencing a dramatic increase, attributed to the ongoing artificial intelligence trend [1].

证券日报网讯1月21日，普冉股份在互动平台回答投资者提问时表示，公司NOR Flash产品价格结合行 业供需格局、市场行情及成本等因素动态调整，目前整体呈修复回升态势。 ...

Core Viewpoint - The semiconductor sector experienced a significant rally on January 21, with multiple companies showing substantial gains in their stock prices [1]. Group 1: Stock Performance - Jianghua Microelectronics (江化微) achieved a stock price of 25.92, with a rise of 10.02% [2] - Yingfang Microelectronics (盈方微) reached a price of 9.35, increasing by 10.00% [2] - Haiguang Information (海光信息) saw its stock rise to 277.50, marking a 9.16% increase [2] - Jiewate (杰华特) recorded a price of 50.41, up by 8.29% [2] - Guoxin Technology (国芯科技) reached 37.38, with a gain of 7.23% [2] - Zhongwei Microelectronics (中微未导) increased to 44.27, reflecting a 7.06% rise [2] - Juchen Co., Ltd. (聚辰股份) saw its stock at 171.72, up by 6.00% [2] - Jingdian Co., Ltd. (景电股份) reached 226.88, with a 5.20% increase [2] - Hualing Co., Ltd. (华岭股份) recorded a price of 24.45, up by 4.89% [2]

Group 1 - The company, Purun Co., has overseas business operations covering multiple countries and regions including Japan, South Korea, the United States, and Europe [1] - The company did not disclose the specific revenue proportion from its business in the European Union [1] - Sales in overseas markets are primarily conducted through an agency model, and the company has not established subsidiaries in EU countries for sales [1]