AI算力需求驱动，新易盛Q3净利润为23.85亿元，营收同比增长152.53% | 财报见闻

Core Insights - The company reported significant revenue and profit growth in Q3 2025, with revenue reaching 6.068 billion RMB, a year-on-year increase of 152.53%, and net profit of 2.385 billion RMB, up 205.38% [1][5] Financial Performance - For the first three quarters of 2025, total revenue was 16.505 billion RMB, reflecting a 221.70% increase year-on-year, while net profit reached 6.327 billion RMB, a 284.37% increase [2] - The growth in revenue is attributed to strong market demand in the AI sector, which has driven sales significantly [2] Cost and Investment - Operating costs increased by 194.30% to 8.707 billion RMB due to expanded sales scale, while R&D expenses rose by 149.57% to 501 million RMB to maintain technological leadership [2] - Sales expenses also increased by 96.88% due to market expansion and personnel costs [2] Balance Sheet Expansion - As of the end of the reporting period, total assets reached 21.356 billion RMB, a 74.10% increase from the previous year [3] - Cash and cash equivalents surged to 5.439 billion RMB, up 239.86%, primarily due to strong sales collections and tax refunds [6] Inventory and Receivables - Inventory increased to 6.603 billion RMB, a 59.79% rise, as the company prepared for current and anticipated orders [6] - Accounts receivable also grew to 3.993 billion RMB, reflecting the increase in sales [6] Liabilities - Payables increased significantly, with accounts payable and notes payable rising by 110.82% and 55.03%, respectively, due to larger raw material procurement [6] - Employee compensation liabilities rose by 131.00%, indicating an increase in workforce or salary levels [6]