Ge Long Hui A P P·2025-11-20 08:08Core Viewpoint - Zhongke Shuguang's Q3 2025 report shows impressive performance with steady revenue growth and a significant year-on-year increase in net profit excluding non-recurring items [1] Group 1: Financial Performance - The company reported robust revenue growth and a substantial increase in net profit year-on-year [1] - The non-recurring net profit showed a high growth rate compared to the previous year [1] Group 2: Product Development - Zhongke Shuguang recently launched the scaleX640 super node, which significantly enhances single cabinet computing power density [1] - The new product supports multiple brand acceleration cards and mainstream computing ecosystems, potentially establishing a new paradigm for domestic intelligent computing [1] Group 3: Strategic Initiatives - The company is actively advancing the merger with Haiguang Information, aiming to create a leading domestic computing power industry chain [1] - The goal is to achieve deep integration and synergy from chips to services, which is expected to significantly enhance core competitiveness [1] Group 4: Investment Rating - The company maintains a "buy" rating based on its strong performance and strategic initiatives [1]