FII(SH:601138) Ge Long Hui·2025-10-29 09:26Core Viewpoint - Industrial Fulian (601138.SH) reported significant revenue and profit growth in Q3 2025, driven by the expanding AI server market and strong 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 2025 was 10.37 billion yuan, up 62.04% year-on-year [1] - Cumulative revenue for the first three quarters of 2025 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, representing a 48.52% increase 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 ultra-large data centers contributed significantly to revenue [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 performing exceptionally well [1]