Ge Long Hui A P P·2025-09-03 07:32Core Viewpoint - Dongwu Securities report indicates that Focus Technology's Q2 2025 revenue reached 476 million, representing a year-on-year growth of 16.32%, while net profit attributable to shareholders was 183 million, also up by 16.44% [1] Group 1: Financial Performance - The company declared a cash dividend of 6 yuan for every 10 shares to all shareholders [1] - The main business of the company is showing steady growth, with AI business revenue maintaining a high growth rate [1] - The acceleration of cash collection from sellers is ongoing, which, along with gradual revenue recognition, is expected to sustain accelerated performance in the future [1] Group 2: Market Dynamics - In addition to regional traffic growth, China Manufacturing Network has optimized traffic growth for various industries, including mechanical manufacturing, computer products, pharmaceuticals, and sports fitness, leading to rapid traffic growth on the platform [1] - The significant increase in buyer traffic is expected to enhance seller payment [1] Group 3: Investment Outlook - The firm believes that the company is an undervalued leader in the digital economy sector, poised to benefit from three major advantages: "technology empowerment + SaaS model + favorable policies," leading to accelerated growth [1] - The rating is maintained as "buy" [1]