FII(SH:601138) Xin Lang Cai Jing·2025-10-29 09:25Core Insights - Industrial Fulian reported a 49% year-on-year increase in net profit for the first three quarters of 2023, driven by strong demand in the AI server market and significant growth in cloud computing services [1] Financial Performance - In Q3 2023, the company achieved operating revenue of 243.17 billion yuan, a year-on-year increase of 42.81% [1] - The net profit attributable to shareholders for Q3 was 10.37 billion yuan, reflecting a year-on-year growth of 62.04% [1] - For the first three quarters, total operating revenue reached 603.93 billion yuan, up 38.40% year-on-year [1] - Cumulative net profit attributable to shareholders for the first three quarters was 22.49 billion yuan, marking a 48.52% increase year-on-year [1] Business Growth Drivers - The growth in performance is primarily attributed to the expansion of the AI server market and the large-scale delivery of AI cabinet products for hyperscale data centers [1] - Strong demand from cloud service providers has significantly boosted the cloud computing business [1] - High-growth products such as AI servers and switches have shown outstanding performance [1] Switch Business Performance - The switch business experienced remarkable growth, with a year-on-year increase of 100% in Q3 [1] - Specifically, the 800G switch saw a staggering year-on-year growth of over 27 times in Q3 [1]