联德股份前三季度营收净利同比双增 展现强劲经营韧性

Core Insights - The company reported a revenue of 930 million yuan for the first three quarters of 2025, representing a year-on-year growth of 9.27%, and a net profit attributable to shareholders of 178 million yuan, up 21.56% year-on-year [2] - In Q3 alone, the company achieved a revenue of 344 million yuan, marking a significant year-on-year increase of 25.62%, and a net profit of 69 million yuan, which is a 41.47% increase year-on-year, indicating strong operational resilience amid industry fluctuations [2] - The performance is attributed to the company's strategic positioning in the AI terminal application sector, aligning with industry trends [2] Business Overview - The company specializes in precision machinery manufacturing, focusing on high-precision mechanical components and precision cavity mold products, with a comprehensive layout in temperature control systems, liquid-cooled servers, diesel engines, gas turbines, engineering machinery, agricultural machinery castings, and data center supporting equipment [2] - The company has a significant market share in the AI computing power energy supply chain, positioning itself strategically in key segments [2] Client Engagement - The company's downstream clients are deeply involved in the core temperature control and energy supply segments of the AIDC industry chain, becoming essential players through technological iterations and practical applications, thus expanding the company's market opportunities [2] - In the temperature control sector, the company's core product, magnetic levitation compressor components, continues to capture high-end market share due to its high precision and low energy consumption [3] - The company has established long-term partnerships with leading global temperature control firms such as Johnson Controls, Trane Technologies, and Carrier, providing critical cooling equipment solutions for AIDC scenarios [3] Energy Supply Contributions - The company has entered the supply chains of major international power equipment manufacturers like Caterpillar, achieving stable bulk deliveries of diesel engine components and small batch supplies of gas turbine components, playing a crucial role in the "dual power supply assurance" system for data centers [3] - This engagement with major players in the energy supply sector has become a cornerstone of the company's revenue growth [3]