Company Performance - In the first three quarters of 2025, the company achieved operating revenue of 419 million yuan, a year-on-year increase of 55.90% [1] - The net profit attributable to shareholders was 48.72 million yuan, up 36.59% year-on-year, while the net profit after deducting non-recurring gains and losses was 48.02 million yuan, reflecting a growth of 61.00% [1] - For Q3 alone, the company reported an operating revenue of 169 million yuan, representing an 86.75% year-on-year increase and a 10.38% quarter-on-quarter increase [1] Industry Trends - The electronic manufacturing services industry is experiencing rapid growth, particularly in the demand for medium to large batch PCBA, driven by the development of downstream brand manufacturers [2] - There is a continuous increase in market demand for high-performance, miniaturized, and intelligent PCBA across various sectors, including consumer electronics, automotive electronics, and industrial control [2] - The company has established a business model focused on medium to large batch PCBA manufacturing services, positioning itself advantageously in the market [2] Market Recognition - The company is recognized as a national-level specialized and innovative "little giant" enterprise, reflecting its growth potential and R&D investment [3] - The North Exchange's "specialized and innovative index" has been launched, with expectations for related index funds to be approved soon, which will inject more capital and vitality into such enterprises, enhancing their valuations [3]
雅葆轩三季报亮眼 产能扩张与行业景气共促发展