Beijing Junzheng's 2025 revenue and net profit will grow simultaneously, betting on 3D DRAM to seize a new high ground in AI storage

On March 27, Beijing Junzheng (300223.SZ) released its 2025 annual report, with an operating revenue of 4.741 billion yuan, a year-on-year increase of 12.54%; net profit attributable to the parent was 376 million yuan, a year-on-year increase of 2.74%. The company plans to distribute a cash dividend of 1.50 yuan (including tax) for every 10 shares, based on a total of 482,540,723 shares, to all shareholders.

The company’s chip products are mainly divided into memory chips, computing chips, and analog and interconnect chips based on their functions and application fields. In recent years, the company’s main chip products have generally faced market demand changes for higher performance, higher integration, and lower power consumption. To meet this market demand, the company continuously enhances technological research and development, optimizes relevant technologies, and constantly improves the technical level of new products.

As the performance of computing chips continues to improve and the parameter scale of large language models rapidly expands, AI technology is increasingly applied across various fields such as smartphones, PCs, servers, and automobiles. Currently, the bandwidth demand for DRAM from AI models and high-performance computing is growing at an exponential rate annually. New storage chips like 3D DRAM can effectively meet the high bandwidth and large capacity requirements of AI chips and high-performance computing chips. The market demand for AI storage chips, including 3D DRAM, is showing rapid growth. The company possesses deep DRAM design experience and abundant industry resources, providing a solid foundation for developing 3D DRAM products. During the reporting period, the company continued to advance the research and development of 3D DRAM, and will continue to invest in technology in the AI storage field, actively follow the needs of the AI storage market, and strive to seize opportunities in emerging markets.

In recent years, with the rapid development and penetration of AI technology, the accumulation of AI-related technologies has gradually become a key factor in market competition. Focusing on AI development opportunities, the company has laid out plans in both storage technology and computing technology. In storage technology, the company has initiated R&D of 3D DRAM, including the development of the computing SoC and the interface unit base die for 3D DRAM products. In computing technology, the company’s neural network processor technology is continuously evolving toward higher computing power at the edge. The company’s AI algorithms are constantly being enriched and can be applied in various scenarios. The core technologies and products developed through independent innovation, along with their outstanding cost-performance advantages, have enabled the company’s market sales to maintain a good growth trend in recent years. In the field of memory chips, the company’s SRAM, DRAM, Nor Flash, and other products occupy important positions in the global automotive-grade storage market; in the field of smart vision chips, the company is developing rapidly and has become a mainstream supplier in the domestic security monitoring market.