Ge Long Hui A P P·2025-11-06 08:55Core Viewpoint - Dinglong Co., Ltd. achieved a net profit attributable to shareholders of approximately 520 million yuan in the first three quarters of 2025, representing a year-on-year increase of about 38.0% [1] Financial Performance - In Q3 2025, the company realized a net profit of 210 million yuan, showing a year-on-year growth of approximately 31.5% and a quarter-on-quarter increase of about 22.5% [1] - The Q3 performance met expectations, driven by rapid growth in the semiconductor business [1] Business Drivers - The company's profitability and quality have further improved, primarily due to: 1. Sustained growth in the semiconductor business, driving both year-on-year and quarter-on-quarter performance [1] 2. Ongoing cost reduction and efficiency improvement initiatives [1] Market Position - The company's products have deeply penetrated domestic core wafer fab customers, solidifying its leading position in the domestic supply chain [1] Capacity Expansion - To match downstream demand, the company plans to increase its production capacity to approximately 50,000 wafers per month by the end of Q1 2026, equating to an annual production of about 600,000 wafers [1] Product Development - In the area of advanced semiconductor packaging materials, the company is continuously validating and introducing its products with major domestic packaging and testing customers [1] Investment Rating - The company maintains a "Buy" rating [1]