Core Viewpoint - Industrial Fulian, previously known as Foxconn, has transformed from an overlooked manufacturing company to a prominent player in the AI sector, resulting in a significant increase in its stock price, which has quadrupled in four months [1][3]. Company Overview - Industrial Fulian has shifted its focus from primarily being an Apple product manufacturer to becoming the exclusive contract manufacturer for over 70% of NVIDIA's GB200/GB300 series AI servers [3]. - The company has established long-term supply agreements with leading tech firms such as OpenAI, Microsoft, and Amazon, with order production cycles extending to 2027 [3]. Financial Performance - In the first half of 2025, Industrial Fulian's cloud computing business revenue grew by 64.37%, accounting for 52.5% of the company's total revenue [5]. - The company's total revenue for the first half of 2025 reached 360.76 billion yuan, a year-on-year increase of approximately 35.58%, while net profit attributable to shareholders was 12.11 billion yuan, up 38.61%, both figures marking historical highs for the period [5]. Market Valuation - The company's price-to-earnings (PE) ratio has surged to around 40 times, compared to the traditional manufacturing sector's PE of 10 to 15 times, reflecting the market's enthusiasm for AI-related stocks [5]. - There is potential for further stock price appreciation, as Industrial Fulian's PE ratio is lower than NVIDIA's, which stands at approximately 50 times [7].