Ge Long Hui A P P·2025-08-20 07:46Core Viewpoint - The report from Pacific Securities highlights that Shunluo Electronics achieved a net profit attributable to shareholders of 486 million yuan in the first half of 2025, representing a year-on-year increase of 32.03% [1] - The strong performance in Q2, with a net profit of 253 million yuan, reflects a year-on-year growth of 27.74% [1] Group 1: Financial Performance - In the first half of 2025, the company experienced significant revenue growth driven by advancements in AI, data centers, and automotive electronics [1] - Data center orders saw a notable breakthrough in the first half of the year, contributing to the overall revenue increase [1] Group 2: Market Trends and Product Development - The global explosion in computing infrastructure has led to successful outcomes in the server sector, with products covering high-demand applications such as AI servers, DDR5, and enterprise-grade SSDs [1] - Sales growth in power inductors for data center power management has significantly increased, with smooth progress in customer development [1] Group 3: Product Innovation - DDR5 is entering a phase of large-scale penetration, with changes in power supply architecture leading to thinner and lower-loss inductor forms [1] - The company has launched a low-loss series of products that have been tested and certified by several overseas PMIC manufacturers, meeting JEDEC efficiency standards [1] Group 4: Investment Rating - The report maintains a "Buy" rating for the company, indicating positive outlook based on the strong performance and growth potential [1]