WWXS: Net profit in the third quarter increased by 47.02% driven by increased demand from 12-inch customers boosting sales

Shanghai Hejing announced that in the third quarter of 2025, the company's operating revenue was 380 million yuan, a year-on-year increase of 25.85%; net profit was 45.084 million yuan, a year-on-year increase of 47.02%. In the first three quarters, the company's operating revenue was 1.006 billion yuan, a year-on-year increase of 19.05%; net profit was 105 million yuan, a year-on-year increase of 32.86%. The main reasons are the recovery of industry prosperity, the return of downstream customer inventory levels to reasonable levels, increased product sales, and high capacity utilization rates, which drove the increase in operating revenue and net profit attributable to shareholders of the listed company. At the same time, the company is actively laying out the research and development and expansion of 12-inch large-size silicon wafers, as well as the mass production of 12-inch 55nm CIS epitaxial wafers and the research and development of 28nm P/P-epitaxial wafers, with increased customer demand for 12-inch wafers driving sales growth, resulting in year-on-year increases in revenue and profit. In addition, the company's differentiated strategy for 8-inch products has been further implemented, promoting the high-end domestic substitution of epitaxial wafers in the power device field