Jin Rong Jie·2026-01-12 12:02Core Viewpoint - Huadian Co., Ltd. has demonstrated strong operational performance in the first three quarters of 2025, driven by robust demand in artificial intelligence and high-speed network infrastructure, with record quarterly revenue and net profit [1] Group 1: Company Performance - In Q3 2025, Huadian Co. achieved a historical high in both revenue and net profit, with net profit exceeding 1 billion yuan for the first time [1] - The company reported a foreign exchange loss of approximately 18 million yuan and a loss from its Thailand subsidiary of about 43 million yuan in Q3 [1] - Huadian's stock price is currently 69.12 yuan, with a market capitalization of 133.01 billion yuan, and a rolling P/E ratio of 38.48, ranking 24th in its industry [1] Group 2: Business Strategy - The company focuses on differentiated business strategies in high-growth areas such as high-speed network switches and routers, AI servers, HPC, and smart automotive PCB products [2] - Huadian plans to invest approximately 4.3 billion yuan in a new project for high-end printed circuit boards to support AI chip production, expected to commence construction in late June 2025 [2] - The company is adapting its technical and production capabilities to meet long-term market demand while maintaining resilience and competitive advantages through innovation and a diversified customer base [2] Group 3: Shareholder Information - As of September 30, 2025, Huadian had 162,040 shareholders, an increase of 33,872 from the previous count, with an average holding value of 820,900 yuan per shareholder [3] - Ruiyuan Fund, a participant in the recent company research, focuses on value-driven long-term investments and has seen a 74.86% growth in its flagship fund over the past year [3]