Core Insights - Shenghui Integrated reported a net profit attributable to shareholders of 96 million for the first three quarters, representing a year-on-year increase of 29.1% [1] - The net profit for Q3 alone was 33 million, showing a significant year-on-year growth of 93.9%, primarily driven by a substantial increase in new orders and the conversion of overseas projects [1] Order Backlog - As of September 30, 2025, the company's order backlog stood at 2.214 billion (excluding tax), which is a 21.21% increase compared to the same period last year [1] - The order backlog in the IC semiconductor industry, precision manufacturing, and optoelectronics sectors was 1.633 billion, 464 million, and 117 million respectively, with year-on-year changes of +103%, -42%, and -46% [1] Market Trends - The rapid development of AI applications continues to drive high-end chip demand, providing abundant business opportunities for cleanroom engineering service providers, including the company [1] - The company plans to expand its business around core areas such as semiconductors and related sectors, high-end PCBs, precision manufacturing, and optoelectronic panels [1] Earnings Forecast - Due to the high prosperity in downstream markets and the advance in orders, the earnings forecast for the company for 2026 and 2027 has been adjusted upwards [1] - The projected net profits attributable to shareholders for 2025, 2026, and 2027 are 134 million, 170 million, and 200 million respectively, with corresponding P/E ratios of 32, 26, and 22 times [1]