硕贝德业绩强劲增长 Q3净利润同比激增逾30倍

Core Insights - The company achieved a significant revenue increase of 53.05% year-on-year in Q3 2025, reaching 782 million yuan, and a net profit of 17.17 million yuan, marking a remarkable growth of 3052.98% [1] - For the first three quarters, the company reported a total revenue of 1.99 billion yuan, up 50.25% year-on-year, and a net profit of 50.71 million yuan, reflecting a substantial increase of 1290.66% [3] Business Performance - The company focused on four main business areas: antennas, harnesses and connectors, thermal modules, and intelligent sensor modules, leading to steady revenue growth through enhanced customer collaboration and optimized business structure [3] - Significant progress was made in various business sectors, including the mass production of smart wearable antennas for a well-known domestic AI glasses client, contributing to revenue growth [3] - The automotive antenna and harness businesses experienced rapid development, with net profits increasing several times; the automotive antenna secured global supplier qualification from a renowned international car manufacturer [3] - The harness business received a project designation for battery pack harnesses from a well-known domestic automotive client, enhancing market competitiveness [3] Technological Advancements - The company has made continuous investments in R&D, achieving breakthroughs such as the completion of low-orbit satellite communication antenna development and the commencement of mass supply for 4D millimeter-wave radar waveguide antennas [4] - The thermal module business made significant strides, achieving full-category certification and mass delivery for a well-known Japanese gaming console brand, which may become a new growth point [4] - The company is well-positioned to meet the demands of 5G-A base station upgrades without the need for additional production capacity [4] - In the VR/AR sector, the company gained recognition from a U.S. brand through its LDS integrated technology and compact ultra-thin antenna solutions [4] Strategic Focus - The company plans to continue focusing on its core business areas while deepening strategic collaborations with key clients [4] - It aims to seize opportunities in emerging markets such as AI glasses, smart vehicles, and low-orbit satellite communications through technological innovation and product upgrades [4]