芯朋微(688508)2021年第三季度报告点评:产品结构持续优化,业绩高速增长。公司实现营收2.09亿元,yoy+69.27%,qoq+13.79%,归母净利润5876万元,yoy+115.14%,qoq+44.33%,扣非归母净利润4747万元,yoy+124.02%,毛利率44.93%,yoy+9.35pct,qoq+2.73pct,净利率28.09%,yoy+5.98pct,qoq+5.93pct。2021年前三季度,公司实现营收5.36亿元,yoy+91.49%,归母净利润1.29亿元,yoy+117.72%,扣非归母净利润1.11亿元,yoy+124.81%,毛利率42.82%,yoy+4.92pct,净利率24.09%,yoy+2.9pct。公司产品结构持续优化,业绩高速增长,电源管理芯片市场竞争力强劲,稳步推进国产替代,客户和应用市场持续拓展,业绩增长动能充足。