
Core Viewpoint - Industrial Fulian plans to distribute a cash dividend of 3.3 yuan (including tax) for every 10 shares to all shareholders, totaling 6.551 billion yuan (including tax), which accounts for 54.08% of the net profit attributable to shareholders for the first half of 2025 [2][5]. Financial Performance - For the first half of 2025, Industrial Fulian reported revenue of 360.76 billion yuan, a year-on-year increase of 35.58%, and a net profit attributable to shareholders of 12.113 billion yuan, up 38.61% year-on-year [5][6]. - The company achieved a non-recurring net profit of 11.668 billion yuan, reflecting a growth of 36.73% year-on-year [5]. AI Business Growth - The revenue from AI servers in the second quarter of 2025 saw a significant increase, with a year-on-year growth rate exceeding 60% [6]. - The demand for 800G high-speed switch products surged, with revenue in the first half of 2025 reaching nearly three times that of the entire year of 2024, driven by the rising need for data transmission [6]. Shareholder Returns and Market Position - Industrial Fulian has consistently maintained high annual dividends since its listing, with total dividends exceeding 56.5 billion yuan, and has distributed over 10 billion yuan annually for three consecutive years from 2022 to 2024 [5]. - The company's stock price has more than doubled this year, closing at 62.06 yuan per share on October 20, 2025, with a total market capitalization of 1,232.4 billion yuan [6].