Ge Long Hui A P P·2025-11-07 07:19Core Viewpoint - Shunluo Electronics demonstrated strong performance in the first three quarters of 2025, with Q3 revenue reaching a record high of 1.81 billion yuan, reflecting a year-on-year growth of 20.2% and a quarter-on-quarter increase of 2.5% [1] Financial Performance - In Q3 2025, the company's gross margin was 36.8%, showing a year-on-year decline of 1.1 percentage points, while remaining stable compared to the previous quarter [1] - The steady growth in performance is attributed to the stable development of traditional businesses such as mobile phones, alongside rapid growth in emerging strategic markets like automotive electronics and data centers [1] Market Insights - The data center market is identified as a rapidly growing strategic market for the company, following the automotive electronics sector [1] - The overall performance reflects the company's ability to leverage both traditional and new market opportunities for sustained growth [1] Investment Rating - The company maintains an "Overweight" rating based on its robust performance and growth prospects [1]