KANGHUA BIOLOGICAL(SZ:300841) Xin Lang Cai Jing·2025-10-30 11:19Core Insights - The company reported significant growth in revenue and profit for the third quarter of 2025, driven by increased demand in consumer-grade laser products and the new energy sector [1][3]. Financial Performance - Total revenue for the first three quarters reached 1.509 billion yuan, a year-on-year increase of 41.02% [1][2]. - Net profit attributable to shareholders was 204 million yuan, up 97.30% year-on-year [1][2]. - The gross profit margin stood at 40.58% [1]. - In Q3 alone, revenue was 628 million yuan, reflecting a 31.90% year-on-year growth and a 16.83% quarter-on-quarter increase [2][3]. - The net profit for Q3 was 109 million yuan, showing a year-on-year increase of 123.78% and a quarter-on-quarter increase of 83.53% [2][3]. Research and Development - R&D investment totaled 141 million yuan in the first three quarters, representing a 12.98% increase and accounting for 9.36% of total revenue [3]. Market Demand and Product Development - The growth in performance is attributed to rising demand for laser products in consumer markets and the recovery of smart equipment needs [3]. - The company is experiencing a transition in consumer-grade lasers from blue lasers to fiber lasers, with increasing consumer demand for faster and more precise laser processing [3]. - The company has secured bulk orders for laser products used in laser engraving machines and is expected to achieve mass shipments for 3D printing equipment [3]. Strategic Collaborations - In 2025, the company will collaborate with Yushui Optoelectronics to develop a new generation of silicon photonic wafer-level testing systems, targeting the growing overseas market [4]. - The company has received bulk orders for its FPC micro-hole processing drilling system from leading industry clients [4]. Optical Communication Sector - The company has launched new products in the optical communication field, including MPO fiber connectors and fiber array units (FAU), with ongoing expansion to meet customer demand [5]. - The FAU from the company's subsidiary, Matrix Optoelectronics, has begun bulk shipments to leading domestic optical module manufacturers [5].