FII(SH:601138) Ge Long Hui A P P·2025-10-29 09:29Core Viewpoint - Industrial Fulian (601138.SH) reported strong financial performance for Q3 2025, driven by the expansion of the AI server market and robust demand from cloud service providers [1] Financial Performance - Q3 2025 revenue reached 243.17 billion yuan, a year-on-year increase of 42.81% [1] - Net profit attributable to shareholders for Q3 was 10.37 billion yuan, up 62.04% year-on-year [1] - For the first three quarters of 2025, total revenue was 603.93 billion yuan, reflecting a 38.40% year-on-year growth [1] - Net profit attributable to shareholders for the first three quarters was 22.49 billion yuan, an increase of 48.52% year-on-year [1] Market Drivers - The growth in performance is primarily attributed to the continuous expansion of the AI server market [1] - Large-scale delivery of AI cabinet products for hyperscale data centers contributed significantly to revenue growth [1] - Strong demand from cloud service provider customers has accelerated the growth of the cloud computing business, with high-growth products like AI servers and switches showing outstanding performance [1]