WUS(SZ:002463) Xin Lang Cai Jing·2025-11-03 14:43Core Insights - The company reported a total revenue of 13.512 billion yuan for Q3 2025, representing a year-on-year growth of 49.96%, and a net profit attributable to shareholders of 2.718 billion yuan, with a year-on-year increase of 47.03% [1] - The growth in performance is attributed to the rising demand for AI and high-performance computing servers, which has led to a structural demand for printed circuit boards [1] Financial Performance - For the first three quarters, the company achieved a basic EPS of 1.41 yuan and an average ROE of 21.08% [1] - Revenue projections for 2025-2027 are estimated at 18.654 billion yuan, 22.743 billion yuan, and 25.608 billion yuan respectively, maintaining previous expectations [2] - Net profit forecasts for the same period are 4.042 billion yuan, 5.078 billion yuan, and 5.690 billion yuan, with upward adjustments for 2026 and 2027 compared to previous estimates [2] Industry Positioning - The company focuses on core technologies required for next-generation high-speed and high-density products in data communication, AI computing networks, and data centers [1] - Ongoing R&D investments are directed towards signal integrity, power integrity, high-density complex structures, and advanced material processing techniques [1] - The company is a significant supplier of PCBs in the AI computing era, with strong product profitability and continuous expansion of server application capacity [2]