Ge Long Hui A P P·2025-11-26 07:53Core Viewpoint - Yilian Network achieved growth in revenue and net profit attributable to the parent company in Q3 2025, indicating solid competitiveness in its core business areas [1] Group 1: Financial Performance - Revenue and net profit attributable to the parent company both experienced quarter-on-quarter growth in Q3 2025 [1] - The company maintains a strong market competitiveness in its core business areas, supported by good downstream market demand [1] Group 2: Product Development - The company launched a new generation of audio and video conference flat panel products featuring the industry's only imaging-grade smart quad-camera and second-generation self-developed audio algorithm [1] - New products introduced include the MeetingBar A40/A50 smart video all-in-one machine, Dante ceiling microphone CM50, SmartVision 80 smart tracking camera, and MCore4 video conference host [1] - The company is enhancing its business headset product lineup with the introduction of the new wired headset UH4X series, further enriching its product matrix [1] Group 3: Future Strategy - The company plans to continuously optimize its product structure and increase efforts in high-end market development [1] - There is a focus on deeply exploring niche market opportunities to maintain competitiveness in the phone market and achieve steady business growth [1] Group 4: Valuation - Based on comparable company valuations, a PE ratio of 20 times is assigned for the year 2025, corresponding to a target price of 43.06 yuan, with a maintained "buy" rating [1]