FII(SH:601138) Huan Qiu Lao Hu Cai Jing·2025-08-29 08:41Core Insights - Industrial Fulian's stock price hit a new high, reaching 53.83 yuan per share, with a market capitalization exceeding 1 trillion yuan, making it the 13th company in A-shares to achieve this milestone [1] - Since July, the stock has seen a cumulative increase of over 150% [1] - The company's impressive performance is reflected in its H1 results, with revenue of 360.76 billion yuan, a year-on-year increase of 35.58%, and a net profit of 12.11 billion yuan, up 38.61% [1] Financial Performance - In Q2 2025, Industrial Fulian achieved revenue of 200.34 billion yuan, a 35.9% year-on-year growth, and a net profit of 6.89 billion yuan, marking a 51.1% increase [1] - The company's historical performance shows a significant growth trend, with net profits increasing from 6.73 billion yuan in 2021 to 12.11 billion yuan in 2024, indicating a strong upward trajectory [1] Business Segments - The surge in performance is attributed to the continuous growth in the AI server market, with the company increasing its market share among major clients [2] - In the cloud computing sector, the revenue from AI servers grew over 60% year-on-year, contributing to an overall server revenue increase of over 50% in Q2 [2] - Cloud computing has become the core growth engine for Industrial Fulian, with annual revenue reaching 319.38 billion yuan in 2024, a 64.37% increase, surpassing 50% of the company's total revenue for the first time [3] - In contrast, the telecommunications and mobile segment showed slower growth, with revenue of 287.90 billion yuan in 2024, only a 3.2% increase [3]