Ge Long Hui·2025-10-30 07:21Core Viewpoint - The report from Huaxi Securities indicates that Juguang Technology has experienced a significant decline in net profit, transitioning from profit to loss in the first three quarters of 2025, with a net profit of -0.62 billion yuan and -0.12 billion yuan in Q3, respectively. The company is focusing on high-end scientific instruments and expanding into emerging fields such as semiconductors and life sciences to create new growth points [1] Group 1 - Juguang Technology's net profit for Q1-Q3 2025 is -0.62 billion yuan, showing a year-on-year transition from profit to loss [1] - In Q3 2025, the net profit is -0.12 billion yuan, also reflecting a year-on-year transition from profit to loss [1] - The company is enhancing its presence in the semiconductor detection field with the EXPEC7350s ICP-MS/MS system, which has established a comprehensive solution for trace impurity analysis in key materials [1] Group 2 - The technology platform has achieved large-scale application in the upstream of the industry chain, successfully completing product introduction and delivery verification for core suppliers in Xi'an and Hunan [1] - The life science instruments are expected to become a new growth point for the company's performance [1] - The long-term growth potential for high-end instruments is viewed positively, leading to a maintained "buy" rating for the company [1]