The demand of the downstream market is growing rapidly, and the profit of Haiguang Information, the leader of computing power, maintained a high growth rate in the third quarter.

On the evening of October 17, Haiguang Information released its third-quarter results, with revenue of about 3.943 billion yuan in the first three quarters of 2023, an increase of 3.22 percent over the same period last year, and net profit of about 902 million yuan, an increase of 38.27 percent over the same period last year. Of this total, revenue in the third quarter was 1.333 billion yuan, up 3.3 percent from the same period last year, and the net profit of returning to the mother in the third quarter was 224 million yuan, up 27.23 percent from the same period last year.

From the expense point of view, Haiguang Information invested 730 million in R & D in the third quarter, up 48 per cent from the same period last year. The main reason is that the implementation progress of the project under research is accelerated, there are more projects in the verification stage, the technical service fees and verification test material fees increase more, and the investment continues to increase; the proportion of R & D investment in business income increased by 16.7% to 54.88%.

In its previous financial report, Haiguang Information pointed out that as one of the few integrated circuit design companies in China that have the research and development capabilities of both high-end general-purpose processors (CPU) and coprocessors (DCU), they have always focused on R & D, design and sale of high-end processors used in servers, workstations and other computing and storage devices, and established a perfect research and development environment and process for high-end processors, and the product performance has been improved generation by generation. The functions are constantly enriching.

Ping an Securities previously pointed out that relying on the authorization of AMD's x86 and Zen architecture, Haiguang Information gradually has the relevant chip design capabilities, and launched related to the field of servers and workstations.Product portfolio.

In an institutional survey conducted on September 20, Haiguang Information said that Deep Computing No. 2 had been released and realized for commercial use in the fields of big data processing, artificial intelligence and business computing, and that the research and development of Deep Computing No. 3 was progressing smoothly. The company's next generation CPU products include Haiguang No. 4 and Haiguang No. 5.

CITIC pointed out that there is a strong demand for computing power in the AI era, and Haiguang launched the Deep Computing No.2 in 2023Q3 to meet the market demand. Since September 2023, a number of large banks have issued bid-winning announcements for Xinchuang server, and the development of industry Xinchuang has accelerated again after a brief slowdown in the first half of the year:

As one of the products with the highest market share in the domestic Xinchuang server CPU, Haiguang CPU can effectively compatible with millions of system software and application software based on x86 instruction set, and the ecological advantage is still obvious. According to the company's report, at present, the research and development of the company's next generation CPU products Haiguang 4 and Haiguang 5 are progressing smoothly, and the leading position of the company's industry Xinchuang CPU is still stable in the future.

As of Oct. 17, Haiguang Information rose more than 1.25% to 52.54 yuan, with a market capitalization of 122.1 billion yuan.