Core Viewpoint - Industrial Fulian issued a clarification statement denying rumors about lowering fourth-quarter performance targets and adjustments from major clients, asserting that operations are proceeding as planned and customer demand remains strong [1][4]. Group 1: Financial Performance - In Q3 2025, Industrial Fulian reported revenue of 243.17 billion yuan, a year-on-year increase of 42.81%, with net profit surpassing 10 billion yuan for the first time, reaching 10.37 billion yuan, up 62.04% year-on-year [6]. - For the first three quarters of the year, the company achieved revenue of 603.93 billion yuan, a 38.4% increase year-on-year, and net profit of 22.49 billion yuan, up 48.52% year-on-year, nearing last year's total and setting a historical high for the period [6]. Group 2: Business Segments - The AI server business showed significant growth, with cloud computing product demand continuing to rise. Revenue from the cloud computing business increased by over 65% year-on-year in the first three quarters, and over 75% in Q3 [6]. - Revenue from cloud service providers increased by over 150% year-on-year in the first three quarters, with Q3 revenue more than doubling year-on-year [6]. - GPU AI server revenue from cloud service providers grew by over 300% year-on-year in the first three quarters, with a more than 90% increase quarter-on-quarter and over five times year-on-year growth in Q3 [6].
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