华工科技前三季度实现营收110.37亿元，净利润同比增长40.92%

Core Insights - The company reported a decline in revenue for Q3 2025, with a total of 3.409 billion yuan, a year-on-year decrease of 10.33%, while net profit attributable to shareholders increased by 31.15% to 410 million yuan [2] - For the first three quarters of 2025, the company achieved a revenue of 11.038 billion yuan, representing a year-on-year growth of 22.62%, and a net profit of 1.321 billion yuan, up 40.92% [2] Financial Performance - Q3 2025 revenue: 3.409 billion yuan, down 10.33% year-on-year [2] - Q3 2025 net profit: 410 million yuan, up 31.15% year-on-year [2] - Q3 2025 net profit excluding non-recurring items: 375 million yuan, up 40.12% year-on-year [2] - Revenue for the first three quarters of 2025: 11.038 billion yuan, up 22.62% year-on-year [2] - Net profit for the first three quarters of 2025: 1.321 billion yuan, up 40.92% year-on-year [2] - Net profit excluding non-recurring items for the first three quarters of 2025: 1.104 billion yuan, up 42.52% year-on-year [2] Technological Advancements - The company has developed full self-research design capabilities from silicon photonic chips to modules [5] - Recently launched products include the latest single-wave 200G silicon photonic chip and various 1.6T module products [5] - The company has also introduced the second-generation single-wave 400G optical engine and the industry's first 3.2T CPO optical engine [5]