奥海科技：第三季度归母净利润同比增长81.92%

Core Viewpoint - Aohai Technology reported strong financial results for Q3 2025, with significant growth in revenue and net profit, indicating a robust performance driven by core business improvements [1][2]. Financial Performance - The company achieved a revenue of 1.998 billion yuan, representing a year-on-year increase of 26.03% [1]. - The net profit attributable to shareholders reached 122 million yuan, showing a substantial year-on-year growth of 81.92% [1][2]. - The non-recurring net profit was 100 million yuan, reflecting a remarkable increase of 132.72% year-on-year, highlighting the health of the core business [1][2]. - For the first three quarters of 2025, Aohai Technology reported a total revenue of 5.188 billion yuan, up 14.14% year-on-year, and a net profit of 359 million yuan, which is a 19.32% increase [2]. Dividend Distribution - The board proposed a cash dividend of 6 yuan per 10 shares (tax included), demonstrating the company's commitment to shareholder returns and confidence in future growth [1][2]. Strategic Initiatives - Aohai Technology is strategically positioning itself in the AI server power supply sector, anticipating the growing demand for power in the AI computing era [3][4]. - The company established a new division in Hangzhou focused on high-end customized server power supplies and high-power AI server power supplies [3]. - Collaborations with Renesas Electronics and Texas Instruments aim to innovate in the "chip + power supply" integration, enhancing product development in high-power and efficient power solutions [3]. Market Trends - The demand for AI servers is driving rapid growth in the high-power density power supply market, with a shift towards high integration, ultra-high power, and ultra-low loss technologies [4]. - Aohai Technology is committed to advancing its technology and market presence, aiming to align with industry leaders and deepen research in AI power supply technologies [4].