ILUVATARCOREX：ANNUALRESULTSANNOUNCEMENTFORTHEYEARENDEDDECEMBER312025.pdf

1、 1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement,make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in rel

2、iance upon the whole or any part of the contents of this announcement.Shanghai Iluvatar CoreX Semiconductor Co.,Ltd.(A joint stock company incorporated in the Peoples Republic of China with limited liability)(Stock Code:9903)上 海 天 數 智 芯 半 導 體 股 份 有 限 公 司ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED

3、 DECEMBER 31,2025The Board is pleased to announce the annual results of the Group for the year ended December 31,2025,together with the comparative figures for the year ended December 31,2024.FINANCIAL HIGHLIGHTSThe following table sets forth our key financial data for the year ended December 31,202

4、5,together with the comparative figures for the year ended December 31,2024 and the change(expressed in percentages).For the year ended December 31,20252024ChangeRMB000RMB000(%)Revenue1,033,606539,51191.6Gross profit557,993265,084110.5Loss for the year(1,003,656)(892,433)12.5Adjusted net loss(non-HK

5、FRS measure)(1)(437,703)(644,668)(32.1)Note:(1)We define adjusted net loss as loss for the year adjusted by adding back share-based payment expenses and listing expense.For details,see the section headed“Non-HKFRS Measure”in this announcement.2 BUSINESS REVIEW AND OUTLOOKBusiness Review for the Repo

6、rting PeriodIn 2025,as a leading provider of GPGPU products and AI computing solutions in China,we adhered to our principle of independent development and maintained an R&D cadence of“one generation in mass production,one in design and one in pre-research,”while consistently implementing our core ph