Core Viewpoint - Recent market rumors suggested that Industrial Fulian may lower its orders or outlook, leading to a significant drop in its stock price, which fell by 7.8% to 55.94 CNY per share, with a total market capitalization of 1.11 trillion CNY [1] Group 1: Company Response - On November 24, Industrial Fulian issued a statement refuting the rumors, confirming that its fourth-quarter operations, including the shipment of products like GB200 and GB300, are proceeding as planned, with strong customer demand [1][2] - The company emphasized that it has not adjusted its fourth-quarter profit targets and is on track with the development of next-generation products in collaboration with clients [1] Group 2: Financial Performance - For the first three quarters of 2025, Industrial Fulian reported revenue of 603.93 billion CNY, a year-on-year increase of 38.4%, and a net profit attributable to shareholders of 22.49 billion CNY, up 48.52% [2] - In the third quarter alone, the company achieved revenue of 243.17 billion CNY, reflecting a 42.81% year-on-year growth, with a net profit of 10.37 billion CNY, marking a 62.04% increase [2] - The strong performance is attributed to the expanding AI server market and the successful delivery of new-generation AI cabinet products for large-scale data centers [2] Group 3: Business Overview - Industrial Fulian specializes in the design, research, manufacturing, and sales of communication and mobile network equipment, cloud computing, industrial internet, and robotics, positioning itself as a leading provider of high-end intelligent manufacturing and technology service integration solutions globally [2]
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