Workflow
研报掘金丨国元证券:维持大华股份“买入”评级,长期成长空间广阔
Ge Long Hui A P P·2025-11-11 05:53

Core Viewpoint - Dahuatech achieved a net profit attributable to shareholders of 3.535 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 38.92% [1] - The company is recognized as a global leader in video-centric smart IoT solutions and operational services, indicating significant long-term growth potential [1] Financial Performance - In Q3 alone, the net profit attributable to shareholders reached 1.060 billion yuan, marking a year-on-year increase of 44.12% [1] - The gross profit margin for the first three quarters was 41.65%, an increase of 1.27 percentage points year-on-year [1] - For Q3, the gross profit margin was 41.74%, reflecting a year-on-year rise of 2.42 percentage points [1] Business Structure - The company has optimized its business structure, with both domestic and overseas business segments showing positive growth in gross profit margins [1] - The sustained growth in business performance highlights the company's ability to adapt and thrive in the market [1]