FIBOCOM(SZ:300638) Zhi Tong Cai Jing·2025-12-03 05:55Core Viewpoint - Guanghe Tong (300638) experienced a decline of over 5%, but still recorded a cumulative increase of over 8% for the week, indicating volatility in stock performance [1] Company Performance - As of the latest report, Guanghe Tong's stock price fell by 5.14% to HKD 17.9, with a trading volume of HKD 92.7953 million [1] - The company's Q3 report revealed a revenue of CNY 5.366 billion for the first three quarters, representing a year-on-year decrease of 13.69% [1] - The net profit attributable to shareholders was CNY 316 million, down 51.50% year-on-year [1] - According to CITIC Securities, on a comparable basis, revenue increased by 7% year-on-year, but the decline in gross margin impacted profit performance [1] Strategic Developments - Guanghe Tong has established a strategic partnership with Luobo Intelligent to jointly promote the global layout of AI toy products, specifically the Fuzozo series [1] - The launch of Huawei's first AI emotional companion toy, "Smart Hanhai," which sold out immediately at a price of CNY 399, indicates a growing market for AI-driven consumer products [1] - The ongoing development of AI and robotics solutions by Guanghe Tong is viewed positively, suggesting optimistic future prospects for the company [1]