FII(SH:601138) 智通财经网·2026-01-28 11:13Financial Performance - The company expects to achieve a net profit attributable to shareholders of 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 company anticipates a net profit attributable to shareholders of 35.1 billion to 35.7 billion yuan, an increase of 11.9 billion to 12.5 billion yuan compared to the previous year, reflecting a year-on-year growth of 51% to 54% [1] Cloud Computing Business - In 2025, revenue from cloud service provider servers is expected to grow by over 1.8 times year-on-year; in Q4 2025, revenue from cloud service provider servers is projected to increase by over 30% quarter-on-quarter and over 2.5 times year-on-year [1] - The company’s AI server revenue from cloud service providers is expected to grow by over 3 times year-on-year in 2025; in Q4 2025, AI server revenue is anticipated to increase by over 50% quarter-on-quarter and over 5.5 times year-on-year [1] Communication and Mobile Network Equipment - The company’s high-speed switch business continues to show strong growth, achieving significant development against the backdrop of high growth in the same period of 2024; in 2025, revenue from 800G and above high-speed switches is expected to increase by 13 times year-on-year [2] - In Q4 2025, revenue from 800G and above high-speed switches is projected to grow by over 4.5 times year-on-year [2] - The precision components business is expected to achieve steady performance improvement due to mature technology reserves and a stable customer supply system, with a double-digit growth in shipment volume compared to the previous year in 2025 [2]