Core Viewpoint - Pacific Securities report indicates that Wanma Technology achieved a net profit attributable to shareholders of 32.68 million yuan in the first three quarters of 2025, representing a year-on-year growth of 4.67% [1] - The company is transitioning from traditional communication equipment provider to the intelligent computing center market, leveraging partnerships with industry leaders like NVIDIA [1] Financial Performance - The net profit attributable to shareholders for the third quarter was 16.22 million yuan, showing a year-on-year increase of 6.36% [1] - The overall growth in net profit reflects the company's successful adaptation to market changes and strategic initiatives [1] Business Transformation - The company is expanding its focus from traditional communication services to industry clients, particularly in the intelligent computing center sector [1] - Collaboration with NVIDIA involves utilizing their NVAIE software architecture and AI technology to support clients in algorithm training, particularly in the automotive sector [1] Strategic Partnerships - In the Robotaxi sector, the company signed a business cooperation agreement with a domestic autonomous driving company in the first half of the year [1] - Recent partnerships with companies like Hello and Cao Cao Mobility further enhance its position in the market [1] - In the Robovan sector, collaborations have been established with firms such as Zhixingzhe and Jiushi [1]
研报掘金丨太平洋:维持万马科技“买入”评级,RoboX商业化加速