伟仕佳杰：FY25 review: AI compute and self-developed products maintain strong momentum-20260320

CMB International Global Markets | Equity Research | Company Update VSTECS (856 HK) VSTECS (856 HK) - FY25 FY25 review: AI compute and self strong momentum -developed products maintain strong momentum VSTECS reported FY25 results: total revenue increased by 10% YoY to HK$97.6bn, largely in line with Bloomberg consensus estimate; net profit grew by 29% YoY to HK$1.35bn, 5% ahead of consensus estimate thanks to the effective opex control and increase in revenue contribution from higher-margin self-developed p ...