Precise(SZ:300442) Zheng Quan Shi Bao Wang·2025-10-29 14:43Core Viewpoint - Runze Technology (300442) reported strong financial performance in Q3 2025, with significant revenue and profit growth driven by successful public REIT issuance and ongoing operational improvements [1][2] Financial Performance - For the first three quarters of 2025, the company achieved revenue of approximately 3.977 billion yuan, a year-on-year increase of 15.05% [1] - The net profit attributable to shareholders reached approximately 4.704 billion yuan, reflecting a substantial year-on-year growth of 210.74% [1] - Excluding the impact of REITs, the company still demonstrated solid sequential growth, with a non-recurring net profit of about 475 million yuan in Q3, up 5.47% quarter-on-quarter [1] - The net cash flow from operating activities for the first three quarters was 2.764 billion yuan, marking a year-on-year increase of 140.05% [1] Industry Positioning - Runze Technology has established seven AIDC intelligent computing infrastructure clusters across six key regions, including the Beijing-Tianjin-Hebei area and the Yangtze River Delta, with a total of 61 intelligent computing centers and approximately 320,000 cabinet resources [2] - The company's growth aligns with the "14th Five-Year Plan," which emphasizes the construction of new infrastructure and the development of strategic emerging industries [2] - Analysts believe that the focus areas in the "14th Five-Year Plan" will create a rigid demand for high-density computing, positioning Runze Technology to strengthen its industry status and achieve dual enhancements in performance and value as it continues to deliver new computing centers [2]