Sytech(SH:600183) Sou Hu Cai Jing·2025-11-25 07:56Core Viewpoint - The report from Zhuhai International Research indicates that Shengyi Technology (600183) is experiencing a strong growth momentum driven by the AI cycle, leading to an upgraded target price of 90 RMB, representing a potential upside of 62.63% from the current price [1] Financial Summary - For the first three quarters of 2025, Shengyi Technology reported a main revenue of 20.614 billion RMB, a year-on-year increase of 39.8% [1] - The net profit attributable to shareholders reached 2.443 billion RMB, up 78.04% year-on-year, while the net profit excluding non-recurring items was 2.379 billion RMB, reflecting an increase of 81.25% [1] - In Q3 2025 alone, the company achieved a main revenue of 7.934 billion RMB, a 55.1% year-on-year increase, and a net profit of 1.017 billion RMB, which is a 131.18% increase year-on-year [1] - The company's debt ratio stands at 45.39%, with investment income of 54.34 million RMB and financial expenses of 66.03 million RMB, while the gross profit margin is 26.74% [1] Analyst Ratings - Over the past 90 days, 11 institutions have rated the stock, with 10 giving a "buy" rating and 1 an "accumulate" rating [1] - The average target price from institutions in the last 90 days is 88.4 RMB [1] Financing and Margin Trading - In the last three months, there has been a net inflow of 192 million RMB in financing, indicating an increase in financing balance; meanwhile, there was a net outflow of 2.7362 million RMB in margin trading, leading to a decrease in margin balance [1]