Security chip revenue fell, Guoxin Technology’s Q3 non-net profit fell by 41.59% year-on-year

On October 28, Guoxin Technology released a performance report saying that in the third quarter of 2022, the company achieved operating income of 113 million yuan, a year-on-year decrease of 9.07%; the net profit attributable to shareholders of the listed company was 35.6109 million yuan, a year-on-year increase. 6.50%. Deducted non-net profit of 17.9119 million yuan, a year-on-year decrease of 41.59%.

In the first three quarters of 2022, Guoxin Technology achieved operating income of 322 million yuan, a year-on-year increase of 21.78%; net profit attributable to shareholders of listed companies was 96.6476 million yuan, a year-on-year increase of 163.98%.

Guoxin Technology said that the main reason was the increase in R&D investment in the third quarter; affected by the decline in demand in the market environment, the revenue of smart door locks and POS machines in independent chips and modules declined. In addition, during the reporting period, the company’s wealth management income and government subsidies increased significantly compared with the same period of the previous year.

According to the data, Guoxin Technology is a chip design company focusing on the research and development and industrial application of domestic independent controllable embedded CPU technology. The company is committed to serving the national strategy that is safe, independent and controllable, and provides IP authorization, chip customization services, and independent chip and module products for customers in major national and market needs, mainly used in information security, automotive electronics and industrial control, and edge computing. and network communication three key areas.

The IP authorization and chip customization services provided by the company are based on the self-developed embedded CPU technology, which provides key technical support for the realization of the safe, independent and controllable and localized substitution of chips in the three major application areas. The company’s independent chip and module products are mainly information security and automotive electronics at this stage. Information security chips focus on security applications from “cloud” to “end”, covering cloud computing, big data, Internet of Things, intelligent storage, industrial Key fields such as control and financial electronics, as well as important products such as servers, automobiles and smart terminals; automotive electronic chips cover body control, engine and new energy motor control, domain control and new energy battery management system control, etc. “Lack of core” problem to make efforts. (Proofreading / Li Hangsen)