顺络电子：前三季度净利润同比增长23.23%

Core Viewpoint - Shunluo Electronics (002138.SZ) reported strong financial performance in Q3 2025, driven by growth in emerging strategic markets such as AI applications, automotive electronics, and data centers [1] Financial Performance - Q3 revenue reached 1.808 billion yuan, representing a year-on-year increase of 20.21% [1] - Q3 net profit was 283 million yuan, up 10.60% year-on-year [1] - Revenue for the first three quarters totaled 5.032 billion yuan, reflecting a year-on-year growth of 19.95% [1] - Net profit for the first three quarters was 769 million yuan, showing a year-on-year increase of 23.23% [1] Market Drivers - The growth in performance is attributed to the steady release of demand from domestic computing power clients [1] - There is a rapid increase in demand from overseas major clients for modular inductive solutions in the xPU power supply segment [1] - Sales revenue has reached a historical high due to these factors [1]