Core Viewpoint - The company Absen (300389.SZ) has shown significant growth in its operating performance, with a notable increase in revenue and net profit in the third quarter of 2025, reflecting a successful recovery from previous years' adjustments [1][2]. Financial Performance - For the first three quarters of 2025, Absen reported revenue of 2.872 billion yuan, a year-on-year increase of 5.66%, and a net profit of 185 million yuan, up 57.33% [1][2]. - In Q3 2025, revenue reached 1.053 billion yuan, marking a 14.5% increase year-on-year, while net profit was 69.04 million yuan, a substantial growth of 138.55% [1]. - The company's gross margin has improved, rising to 31.28% in the first three quarters of 2025, nearly recovering to the 2022 level of 31.37% [2]. Market Expansion - Absen has established a strong presence in overseas markets since 2005, with overseas revenue reaching 1.377 billion yuan in the first half of 2025, accounting for 75.7% of total revenue [1][3]. - The company has set up 19 subsidiaries globally, covering key markets such as the USA, Germany, Japan, and Dubai, and has products sold in over 140 countries [3]. - The overseas market revenue is projected to grow by approximately 13.8% in 2024, reaching about 2.931 billion yuan, with the overseas revenue share increasing to 80.02% [3]. Industry Position - According to Omdia's market research, Absen holds a 16.2% market share in global LED display shipments, ranking among the top brands [4]. - The company has maintained its position as the leading exporter of single-brand display products for 12 consecutive years [5]. Stock Market Response - The positive financial performance has led to a strong response in the capital market, with Absen's stock price reaching 18.05 yuan per share as of October 22, 2025, reflecting a year-to-date increase of 56.14% and a total market capitalization of 6.662 billion yuan [1][5].