UNICOMP(SH:688531) Zhong Zheng Wang·2025-10-28 13:17Core Insights - The company reported a significant increase in revenue and profit for the first three quarters of 2025, with total revenue reaching 737 million yuan, a year-on-year growth of 44.01%, and a net profit attributable to shareholders of 125 million yuan, up 18.83% [1] - The company's gross margin has shown a steady upward trend, with gross margins of 43.68% in 2024, 44.12% in the first half of 2025, and 44.23% in the first three quarters of 2025 [1] - The company has made substantial advancements in both hardware and software sectors, particularly in X-ray source technology and AI integration for industrial applications [2] Financial Performance - For Q3 2025, the company achieved revenue of 277 million yuan, reflecting a year-on-year increase of 54.57%, and a net profit of 42 million yuan, up 48.84% [1] - The company's cash flow from operating activities improved significantly, with a net cash flow of 90.54 million yuan for the first three quarters [1] Business Development - The company has successfully expanded its product offerings in the X-ray detection equipment market, breaking the previous foreign monopoly with the launch of its nano-level X-ray detection equipment [2] - New order growth has been robust, with nearly doubling of new orders in the first half of 2025 and continued high growth in the third quarter [2] - The company is pursuing a strategic approach of horizontal expansion and vertical deepening, recently announcing the acquisition of 66% of SCPL SEMICONDUCTOR TEST & INSPECTION PTE. LTD. for approximately 26.895 million yuan [3] Market Position - The company remains among a select group of firms in the A-share market that have achieved over 20% revenue growth for five consecutive years from 2020 to 2024, with only 31 companies achieving a compound annual growth rate of over 30% in both revenue and net profit [3]