Ge Long Hui A P P·2025-11-04 06:29Core Viewpoint - Lixun Precision's Q3 2025 net profit attributable to shareholders reached 4.9 billion yuan, a year-on-year increase of 32%, with revenue growth accelerating compared to the previous two quarters, partly due to the consolidation of the acquired Lainiwentai [1] Financial Performance - Q3 2025 net profit attributable to shareholders: 4.9 billion yuan, up 32% year-on-year [1] - Full-year guidance for 2025 net profit: 16.5 to 17.2 billion yuan, representing a year-on-year growth of 23.6% to 28.6% [1] Business Integration and Growth - Integration of Lainiwentai is progressing better than expected, with accelerated growth in the automotive business [1] - Current integration progress indicates operational improvements exceeding company expectations, with potential for early achievement of previously set operational targets [1] Future Outlook - Expected significant profit contribution from 2026 onwards due to successful integration [1] - Data center business is set to see major client expansion, with long-term growth potential in the AI era being underestimated [1] Valuation - Based on comparable companies, the target price for 2025 is set at 83.88 yuan, corresponding to a 36 times PE ratio, maintaining a "buy" rating [1]