Ge Long Hui A P P·2025-09-26 07:35Core Viewpoint - The report from Huazhong Securities indicates that Sanhuan Group achieved a net profit attributable to shareholders of 1.24 billion yuan in the first half of the year, representing a year-on-year growth of 20.6% [1] Financial Performance - In Q2 2025, the company recorded a net profit attributable to shareholders of 700 million yuan, which is an 18.9% year-on-year increase and a 32.3% quarter-on-quarter growth [1] - The company's performance reflects steady growth, primarily driven by the strong performance of its MLCC product line and increasing market recognition [1] Business Segments - The growth in sales of ceramic inserts and related products is attributed to the accelerated construction of global data centers and AI servers, leading to increased demand in the optical communication market [1] - The company has also made progress in the bioceramics sector, achieving stable mass production of ceramic heads and liners for hip joint prostheses [1] Investment Rating - The report maintains a "Buy" rating for the company, reflecting confidence in its growth prospects [1]