Foryou 002906.SZ 002906 CH EQUITY: TECHNOLOGY In-line 3Q25 delivery; likely strong 4Q on rushed orders Quick Note 31%/24% y-y revenue/earnings growth in 3Q, entering into 2H25 Foryou reported 3Q25 results on 27 Oct after market close. The company achieved revenue of CNY3.5bn in 3Q25 (+31% y-y, +23% q-q), which we think is normal considering the seasonality of auto sales and also the development of smart vehicles. Foryou reported a GPM of 18.9% in 3Q25 (-1.5pp y-y, -0.6pp q-q), which in our view is due mainl ...