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海外云厂商资本开支持续乐观,算力需求旺盛趋势延续 | 投研报告
Zhong Guo Neng Yuan Wang·2025-08-04 06:17

Group 1 - Major companies Meta, Microsoft, and Amazon reported earnings that significantly exceeded expectations, with optimistic capital expenditure guidance, indicating a positive outlook for the supply chain [1][2] - Meta's Q2 revenue reached $47.52 billion, a year-on-year growth of 22%, surpassing previous guidance of $42.5-45.5 billion and market expectations of $44.77 billion [2] - Microsoft's Azure cloud business showed strong growth, with annual revenue exceeding $75 billion, and the capital expenditure guidance for Q1 of FY26 set at $30 billion, up from $24 billion in Q4 of FY25 [2] Group 2 - Huanxu Electronics reported a projected H1 2025 revenue of 27.214 billion yuan, a decrease of 0.63% year-on-year, with a net profit of 638 million yuan, down 18.66% [3] - Shunluo Electronics achieved H1 2025 revenue of 3.224 billion yuan, an increase of 19.80% year-on-year, with a net profit of 486 million yuan, up 32.03% [3] - Fudan Microelectronics forecasted H1 2025 revenue between 1.82-1.85 billion yuan, a year-on-year increase of 1.44%-3.12%, but a significant decline in net profit by 39.67%-48.29% [3] - Nanya New Materials expects H1 2025 net profit between 80-95 million yuan, an increase of 44.69%-71.82% year-on-year, with a non-net profit increase of 89.20%-124.52% [3] Group 3 - Guangzhi Technology reported H1 2025 revenue of 1.02 billion yuan, a year-on-year increase of 78.20%, with a net profit of 24 million yuan, up 167.77% [4]