Core Viewpoint - He Sheng New Materials is expected to report a net profit of between 137 million and 154 million yuan for the first three quarters of 2025, representing a year-on-year increase of 60% to 80% driven by improved supply chain management and increased product gross margins [1] Financial Performance - The company's revenue from 2020 to 2024 was 1.822 billion, 2.269 billion, 2.133 billion, 2.34 billion, and 2.526 billion yuan respectively, with net profits of 55.08 million, 81.98 million, 65.93 million, 82.77 million, and 97.91 million yuan [1] - The stock price of He Sheng New Materials has increased by 134.68% year-to-date as of October 15, reflecting a strong correlation between performance and market valuation [1] Business Expansion - He Sheng New Materials is diversifying into the artificial intelligence sector, having established Shanghai Haixi Technology Co., Ltd. in partnership with Shanghai Chaopan Enterprise Management Partnership in March 2024 [2] - The new subsidiary focuses on AI chips and related services, holding one invention patent and 13 software copyrights, indicating a growing technological foundation [2] - The company plans to invest 250 million yuan in Yizhi Electronics to acquire a 10% stake, enhancing its capabilities in high-end processors for computing and storage devices [2]