FII(SH:601138) Ge Long Hui A P P·2026-01-28 09:06Financial Performance - The company expects a net profit attributable to shareholders of the parent company to reach between 12.6 billion to 13.2 billion yuan in Q4 2025, an increase of 4.5 billion to 5.1 billion yuan compared to the same period last year, representing a year-on-year growth of 56% to 63% [1] - For the full year of 2025, the expected net profit attributable to shareholders is between 35.1 billion to 35.7 billion yuan, an increase of 11.9 billion to 12.5 billion yuan year-on-year, reflecting a growth of 51% to 54% [1] - The company anticipates a net profit excluding non-recurring gains and losses to be between 12.4 billion to 13.0 billion yuan in Q4 2025, up by 3.7 billion to 4.3 billion yuan year-on-year, which is a growth of 43% to 50% [1] Cloud Computing Business - In 2025, revenue from cloud service providers' servers is expected to grow by over 1.8 times year-on-year; in Q4 2025, this revenue is projected to increase by over 30% quarter-on-quarter and over 2.5 times year-on-year [2] - The revenue from AI servers for cloud service providers is expected to grow by over 3 times year-on-year in 2025, with Q4 2025 revenue increasing by over 50% quarter-on-quarter and over 5.5 times year-on-year [2] Communication and Mobile Network Equipment - The company’s high-speed switch business continues to show strong growth, with revenue from 800G and above high-speed switches expected to increase by 13 times year-on-year in 2025; in Q4 2025, this revenue is projected to grow by over 4.5 times year-on-year [2] - The precision components business is expected to achieve double-digit growth in shipment volume year-on-year in 2025, supported by mature technology reserves and a stable customer supply system, further solidifying the foundation for the company's diversified business development [2]