研报掘金丨太平洋:维持法本信息“买入”评级,汽车等新行业拓展顺利
Ge Long Hui A P P·2025-11-17 07:36

Core Viewpoint - The report from Pacific Securities indicates that Fabon Information's net profit attributable to shareholders for the first three quarters is 85 million yuan, a year-on-year decrease of 22.70% [1] - Despite the decline in net profit, the company's Q3 revenue reached 1.359 billion yuan, reflecting a year-on-year growth of 25.49% [1] Financial Performance - The net profit for Q3 is 27 million yuan, down 24.45% year-on-year, while revenue growth is accelerating [1] - The company is expected to achieve EPS of 0.36, 0.45, and 0.57 yuan for the years 2025, 2026, and 2027 respectively [1] Business Operations - Fabon Information provides a full-stack solution that includes domestic SoC, supporting chips, and self-developed FarcarOS for automotive applications [1] - The company has established partnerships with over 70 automotive manufacturers and Tier 1 suppliers, including SAIC, Geely, Great Wall, NIO, Xiaopeng, and Desay SV [1] Product Development - Continuous investment in the FarAI artificial intelligence platform has led to the development of products such as FarAIGPTCoder, FarAIGPTBrain, FarAIGPTRecruit, and FarAIGPTLabel [1] - Some of these products have already been applied in various industries, including telecommunications and banking [1]