HON-Flex(SZ:300657) Chang Jiang Shang Bao·2025-10-31 00:03Core Viewpoint - Hongxin Electronics has shown continuous improvement in overall operational performance, driven significantly by the rapid growth of its AI business [1][2][3]. Group 1: Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 5.55 billion yuan, representing a year-on-year increase of 24.75% [1][2]. - The net profit attributable to shareholders reached 90.51 million yuan, up 65.47% year-on-year [1][2]. - In the first half of 2025, the company reported a revenue of 3.49 billion yuan, a 15.01% increase year-on-year, and a net profit of 53.99 million yuan, growing by 9.85% [2]. Group 2: AI Business Development - The AI computing power business has become a key growth area, with revenue in the first half of 2025 reaching 1.48 billion yuan, a 33.85% increase year-on-year [1][3]. - The company adopted an "ALL IN AI" strategy in 2023, leading to significant breakthroughs in technology research and market expansion [3]. - In 2024, the AI computing power business generated 1.99 billion yuan in revenue, a staggering increase of 5303.3%, accounting for 33.84% of total revenue [3]. Group 3: Research and Development - From 2020 to the first three quarters of 2025, the company invested a total of 753 million yuan in R&D [1][4]. - The company holds 633 authorized patents, including 112 invention patents, indicating a strong enhancement in technical capabilities [4].