FII(SH:601138) Zheng Quan Shi Bao·2025-10-29 10:48Core Insights - Industrial Fulian (601138) reported a significant increase in revenue and net profit for Q3 2025, with revenue reaching 243.17 billion yuan, a year-on-year growth of 42.81%, and net profit attributable to shareholders at 10.37 billion yuan, up 62.04% [1][2] Financial Performance - Q3 2025 revenue: 243.17 billion yuan, up 42.81% year-on-year [2] - Net profit attributable to shareholders for Q3: 10.37 billion yuan, up 62.04% year-on-year [2] - Cumulative revenue for the first three quarters: 603.93 billion yuan, up 38.40% year-on-year [2] - Cumulative net profit for the first three quarters: 22.49 billion yuan, up 48.52% year-on-year [2] - Basic earnings per share for Q3: 0.52 yuan, up 62.50% year-on-year [2] Business Segments - Cloud computing business revenue grew over 65% year-on-year for the first three quarters, with Q3 showing over 75% growth [3] - Revenue from cloud service providers accounted for 70% of the cloud computing business, with a year-on-year increase of over 150% [3] - GPU AI server revenue for cloud service providers increased over 300% year-on-year, with Q3 showing a sequential growth of over 90% and a year-on-year increase of over 5 times [3] - Switch business saw significant growth, with Q3 revenue up 100% year-on-year, and 800G switch revenue increasing over 27 times [3] Market Reaction - Industrial Fulian's stock reached a peak increase of 9.2% on the day of the report, closing at 80.80 yuan per share, with a total market capitalization of 1.6 trillion yuan [3] - The stock has seen a cumulative increase of 275.81% year-to-date [3]