FII(SH:601138) Sou Hu Cai Jing·2025-08-13 07:36Core Viewpoint - The technology and securities sectors are experiencing significant growth, with Industrial Fulian leading the charge, achieving a record high stock price and substantial trading volume, reflecting strong market enthusiasm for AI-related infrastructure [1][3]. Group 1: Company Performance - Industrial Fulian's market capitalization has reached 867.5 billion, making it the top technology stock in China and the eighth largest in the A-share market [3]. - Since hitting a low of 13.94 yuan on April 9, Industrial Fulian's stock has surged by 213%, showcasing rare growth for a company of its size in the A-share market [3]. - The company reported a revenue of 360.76 billion yuan for the first half of 2025, a year-on-year increase of 35.58%, and a net profit of 12.11 billion yuan, up 38.61% [3]. Group 2: Market Dynamics - The core logic behind the market's enthusiasm for Industrial Fulian is its critical role in AI computing infrastructure, benefiting from the explosive growth in global AI computing demand [3]. - Industrial Fulian has established significant technological barriers and production capacity advantages in cutting-edge technology areas such as 800G high-speed switches and liquid cooling systems [3]. - The company has secured visibility of orders extending to 2027, indicating strong future demand [3]. Group 3: Industry Outlook - Foxconn's parent company, Hon Hai Group, reported record high revenues, with significant growth in AI server business [4]. - Goldman Sachs projects that Hon Hai's AI server revenue will grow by 110% and 59% year-on-year in 2025 and 2026, respectively, with revenue expected to rise from 1.7 trillion New Taiwan dollars in 2025 to 2.6 trillion New Taiwan dollars in 2026 [4].