原文标题：SK hynix logs record profit in Q3 on AI chip boom 原文连结： https://en.yna.co.kr/view/AEN20251029001252320?section=economy-finance/economy 发布时间：10:47 October 29, 2025 记者署名：Kang Yoon-seung 原文内容： SEOUL, Oct. 29 (Yonhap) -- SK hynix Inc. said Wednesday its third-quarter operating profit surpassed 10 trillion won (US$6.97 billion) on the back of its robust performance in the high bandwidth memory (HBM) segment, considered a key component for artificial intelligence (AI) infrastructure. 首尔10月29日（韩联社）——SK海力士公司周三表示，由於其在高频宽记忆体（HBM）领 域表现强劲——这被视为人工智慧（AI）基础设施的关键组件——公司第三季营业利益突 破了10兆韩元（约69.7亿美元）。 Operating profit came to 11.38 trillion won during the July-September period, compared with 7.02 trillion won tallied a year earlier, according to the company's regulatory filing. 根据该公司向监管机构提交的报告，7月至9月期间的营业利益达到11.38兆韩元，高於去 年同期的7.02兆韩元。 It marked the first time for the South Korean chipmaker to post a quarterly operating profit of above 10 trillion won. 这是这家韩国晶片制造商首次在单一季度中实现超过10兆韩元的营业利益。 Net profit reached 12.59 trillion won in the July-September period, more than doubling from a year earlier. Revenue rose 39.1 percent to 24.44 trillion won over the cited period. 该公司7至9月的净利达12.59兆韩元，较去年同期成长逾一倍；营收则上升39.1%，达到24 .44兆韩元。 The earnings beat market expectations. The average estimate of net profit by analysts stood at 8.84 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. 这份财报超出市场预期。根据韩联社金融数据公司Yonhap Infomax的调查，分析师预估的 平均净利为8.84兆韩元。 SK hynix attributed the growth to a rise in global prices of dynamic random access memory (DRAM) and NAND flash, coupled with strong demand for high-end products in the AI server industry. SK海力士将成长归因於全球动态随机记忆体（DRAM）及NAND快闪记忆体价格上升，以及AI 伺服器产业对高阶产品的强劲需求。 "SK hynix once again surpassed the previous quarter's record-high performance thanks to increased sales of high value-added products such as 12-high HBM3E and DDR5 for servers," the company said. 公司表示：「SK海力士再次打破上季的历史纪录，主要受益於12层堆叠HBM3E与伺服器用 DDR5等高附加价值产品销售增加。」 "Driven by surging demand for AI servers, shipments of high-capacity DDR5s of 128GB or more have more than doubled from the previous quarter," it added. 公司补充说：「受AI伺服器需求激增带动，容量达128GB或以上的高容量DDR5记忆体出货 量较上季成长超过一倍。」 SK hynix noted it has "completed discussions with key customers" for the supply of HBM in 2026, implying Nvidia Corp. SK海力士指出，已与主要客户就2026年的HBM供应「完成协商」，暗示合作对象包括辉达 （Nvidia）。 "HBM4, which completed development in September and entered mass production, fully meets customer performance requirements and supports industry-leading speeds," the company said. 公司表示：「HBM4已於九月完成开发并开始量产，完全满足客户的性能要求，并支援业界 领先的速度。」 SK hynix said the shipments of HBM4 will start this year, followed by a full- scale expansion in 2026. SK海力士表示，HBM4的出货将於今年开始，并在2026年全面扩大。 "With the innovation of AI technology, the memory market has shifted to a new paradigm and demand has begun to spread to all product areas," said Kim Woo- hyun, the company's chief financial officer. 公司首席财务官金宇贤（Kim Woo-hyun）表示：「随着AI技术的创新，记忆体市场已进入 新范式，需求开始扩散至各产品领域。」 According to separate data compiled by Counterpoint Research, SK hynix accounted for 64 percent of the global HBM market in terms of sales in the second quarter. 根据市场研究机构Counterpoint Research的资料，SK海力士在第二季全球HBM销售市场中 占有64%的份额。 Micron followed with 21 percent, and Samsung Electronics Co. took up 15 percent. 美光（Micron）以21%排名第二，三星电子（Samsung Electronics）占15%。 SK hynix said the combined amount of cash assets came to 27.9 trillion won as of the end of the third quarter. With its debt standing at 24.1 trillion won, the company said it held net cash of 3.8 trillion won. SK海力士表示，截至第三季底，公司现金资产合计27.9兆韩元，负债为24.1兆韩元，净现 金余额为3.8兆韩元。 During a conference call, SK hynix said it expects the supply of HBM to remain "tight," noting that the memory industry has entered a "super cycle." 在财报电话会议中，SK海力士预期HBM供应将维持「紧张」，并指出记忆体产业已进入「 超级循环（super cycle）」阶段。 "Demand for HBM has sharply expanded, driven by the medium- and long-term growth of the AI industry, while the supply cannot catch up with demand in the short term," an official from the company said. 公司官员表示：「受AI产业中长期成长带动，HBM需求急剧扩张，而短期内供应无法追上 需求。」 "HBM products have remained sold out since 2023, with prices currently staying at levels sufficient to maintain profitability," the official added. 该官员补充说：「自2023年以来，HBM产品一直供不应求，目前价格水准足以维持高利润 。」 The HBM lineup, which accounts for 20 percent of the total DRAM shipment volume, is estimated to have contributed around half of the operating profit. HBM产品虽仅占DRAM总出货量的20%，但估计贡献了约一半的营业利益。 Shares of SK hynix were trading at 540,500 won on the main bourse as of 10:36 a.m., up 3.74 percent from the previous session. The third-quarter report was released before the market hours. 截至上午10点36分，SK海力士股价报540,500韩元，较前一交易日上涨3.74%。第三季财报 於开盘前公布。 心得/评论： https://i.urusai.cc/IqQew.JPG AI伺服器需求带动HBM与DDR5出货暴增。 SK海力士正主导全球AI记忆体市场（64%市占）。 AI晶片供应紧张确立“记忆体超级循环”。 --

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