Ge Long Hui·2025-11-06 06:28Core Viewpoint - The report from Guohai Securities highlights the strong performance of Unisplendour Corporation's subsidiary, H3C, in the first three quarters, showcasing significant revenue and profit growth driven by advancements in computing power and connectivity [1] Financial Performance - H3C achieved operating revenue of 59.623 billion yuan, representing a year-on-year increase of 48.07% [1] - The net profit reached 2.529 billion yuan, with a year-on-year growth of 14.75% [1] Business Development - The company is advancing the development and implementation of next-generation ultra-node products with a scale of 1000 cards and above, following the UniPoDS80000 ultra-node product [1] - H3C is actively establishing a liquid cooling cabinet production line, aiming to create a complete capability for the design, manufacturing, and large-scale delivery of liquid cooling cabinets [1] Domestic Market Expansion - The company has made breakthroughs in key projects with major clients in sectors such as equipment manufacturing, basic energy, and consumer electronics [1] - H3C is deeply involved in the construction of intelligent computing centers in various regions, including Chongqing, Qinghai, and Hebei [1] - The collaboration with major internet companies continues to grow rapidly, alongside deepening partnerships with government and enterprise users [1] International Collaboration - H3C has successfully engaged with global clients, including Telefónica in Spain, PLAION in Europe, a high-tech institute in Italy, and universities in Thailand and the Philippines [1] Strategic Initiatives - The company is continuously deepening its "AI in All" and "AI for All" strategies, launching new generations of intelligent computing products and solutions to sustain growth [1] - The investment rating is maintained at "Buy" [1]