欧陆通2025年前三季度实现归母净利润2.22亿 数据中心电源增长势头保持强劲

Core Insights - Shenzhen Oulutong Electronics Co., Ltd. reported a revenue of 3.387 billion yuan for the first three quarters of 2025, marking a year-on-year growth of 27.16% [1] - The company's net profit attributable to shareholders reached 222 million yuan, up 41.53% year-on-year, with a non-recurring net profit of 210 million yuan, reflecting a 48.53% increase [1] - The operating cash flow net amount was 422 million yuan, showing a significant growth of 75.07% year-on-year [1] Financial Performance - In Q3 2025, the company achieved a single-quarter revenue of 1.267 billion yuan, a year-on-year increase of 19.00%, setting a new record for quarterly performance [1] - The gross profit margin improved by 0.16 percentage points compared to the first half of 2025, indicating enhanced profitability alongside revenue growth [1] Product and Market Strategy - Oulutong has established a comprehensive product matrix covering all scenarios and power ranges in the domestic data center power supply sector, catering to various well-known server manufacturers [2] - The company is actively supporting the development of the domestic industrial chain by collaborating with clients to develop fully localized data center power supply products [2] - R&D expenses accounted for 6.22% of revenue in the first three quarters of 2025, an increase of 0.51 percentage points year-on-year, reflecting a commitment to innovation [2] Global Expansion - Oulutong has initiated production in Vietnam and Mexico, enhancing its global business growth potential and creating synergies with teams in Taiwan and the United States [3] - The company aims to strengthen its international competitiveness by focusing on technological innovation and high-quality self-innovation in the power supply sector [3]