Zhi Tong Cai Jing·2025-08-12 02:23Group 1 - AI server concept stocks continue to rise, with Hongteng Precision up 6.93% at HKD 3.86 and BYD Electronics up 5.38% at HKD 40.76 [1] - Industrial Fulian reported a revenue of CNY 360.76 billion for the first half of 2025, a year-on-year increase of 35.58%, and a net profit of CNY 12.11 billion, up 38.61% year-on-year [1] - The overall server revenue grew over 50% in Q2, with cloud service provider server revenue increasing over 150% and AI server revenue rising over 60% year-on-year [1] Group 2 - The GB200 series products have entered mass production with improving yield rates and increasing shipment volumes [1] - The revenue from 800G high-speed switches in the first half of the year nearly tripled compared to the entire year of 2024 [1] - With the optimization of issues like metal connections and liquid cooling, GB200 production accelerated, with an expected total of 7,000 units in the first half and a forecast of 20,000-25,000 units for the year [2]