中石科技：前三季度净利润同比增长90.59% 高效散热模组、核心散热零部件及高性能导热材料营收快速增长

Core Viewpoint - Zhongshi Technology (300684.SZ) reported significant revenue and profit growth in Q3 2025, driven by new product launches and increased market share in North America [1] Financial Performance - Q3 revenue reached 550 million yuan, a year-on-year increase of 21.79% [1] - Net profit attributable to shareholders was 130 million yuan, up 87.74% year-on-year [1] - For the first three quarters, total revenue was 1.298 billion yuan, reflecting an 18.45% year-on-year growth [1] - Net profit for the first three quarters was 252 million yuan, showing a 90.59% increase year-on-year [1] Growth Drivers - Performance growth is attributed to the launch of new products by major North American clients and the ramp-up of new projects [1] - Increased shipment volumes of thermal materials and components contributed to the rise in revenue [1] - The company is actively expanding into emerging fields such as AI terminal devices and AI infrastructure, leading to rapid revenue growth in high-efficiency thermal modules and core thermal components [1] - Product structure optimization and cost reduction efforts have significantly enhanced profitability [1]