FII(SH:601138) Xin Lang Cai Jing·2025-10-29 09:15Core Insights - The company reported a significant increase in cloud computing revenue, with over 65% growth year-on-year for the first three quarters of 2025, and over 75% growth in the third quarter alone, driven by the large-scale delivery of AI cabinet products for hyperscale data centers and sustained demand for AI computing power [1] Group 1: Cloud Computing Business - The cloud computing business revenue for the first three quarters of 2025 grew by more than 65% compared to the same period last year [1] - In the third quarter of 2025, the cloud computing business experienced a year-on-year growth of over 75% [1] - The growth is primarily attributed to the large-scale delivery of AI cabinet products and the ongoing strong demand for AI computing power [1] Group 2: Communication and Mobile Network Equipment - The communication and mobile network equipment business showed steady performance in the first three quarters of 2025 [1] - The precision components business benefited from the launch of new AI smart terminal products, leading to increased customer upgrade demand and sustained business growth [1] - The switch business saw significant growth due to the continued increase in AI demand, with a year-on-year growth of 100% in the third quarter, and the 800G switch segment experienced a year-on-year growth of over 27 times in the same period [1]