Group 1: Company Overview - Huayin Technology signed a significant framework procurement contract for special functional materials for aircraft fuselage, with a total contract value of 254 million yuan (including tax), effective until September 30, 2027 [4][3]. - The company's "one core and two wings" strategy is gradually being implemented, focusing on enhancing its market position as a key materials supplier in the aviation engine sector and expanding into high-end manufacturing fields [4][5]. Group 2: Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 801 million yuan, a year-on-year increase of 8.63%, but the net profit attributable to shareholders decreased by 21.48% to 243 million yuan [5]. - The company's R&D investment reached 105 million yuan, a significant increase of 81.39% year-on-year, driven by an increase in R&D personnel and numerous ongoing projects [5][6]. Group 3: Market Position and Growth Potential - The company is expected to benefit from the domestic aerospace industry's growth cycle, with projected revenues of 1.282 billion, 1.746 billion, and 2.465 billion yuan for 2025, 2026, and 2027 respectively, and net profits of 390 million, 611 million, and 847 million yuan [9]. - The company maintains a strong product portfolio, including various key new materials such as special functional materials, carbon fiber reinforced composites, and high-performance resin materials [4][5]. Group 4: Industry Insights - The computer industry is experiencing a shift towards high-speed interconnect protocols, which are crucial for scaling up capabilities in the era of large models, with NVLink leading the market [12][13]. - The penetration rate of liquid cooling in AI servers is expected to rise significantly, with projections indicating a market size of 16.5 billion USD by 2026, driven by the increasing power consumption of chips [20][21].

Investment Rating - The industry investment rating is "Overweight" and has been maintained from the previous rating [5] Core Insights - The rise of Scale-up architecture is driven by the increasing demand for high-speed interconnects due to the growth of large model parameters and the need for unified computing units formed by connecting multiple GPUs [1][13] - The Scale-up switch market is expected to grow rapidly, with a projected market size of nearly $6 billion by 2025 and a 5-year CAGR of 26% from 2025 to 2030 [1][68] Summary by Sections Scale-up Supernodes: Breaking Through Single Card Computing Bottlenecks - The demand for larger parameter scales in large language models necessitates the expansion of computing clusters, which can significantly enhance model output accuracy and performance [13] - Cross-node communication requirements are heightened due to the use of tensor parallelism and expert parallelism technologies [17] Overview of Mainstream Supernode Systems - NVIDIA's GB200 NVL72 supernode connects 36 Grace CPUs and 72 NVIDIA Blackwell GPUs using NVLink technology, achieving high bandwidth and low latency [31][32] - Google's seventh-generation TPU Ironwood can scale up to 9216 chips, achieving peak performance of 4614 TFLOPS [35][36] - Amazon's Trainium2 server interconnects 64 chips through NeuronLink, ensuring low latency and high bandwidth communication [45][48] - Huawei's CloudMatrix384 supernode is designed for large-scale AI workloads, achieving 300 PFLOPS of BF16 computing power [49][52] Beneficiaries of Scale-up Network Demand - High-end switching chips and interface chips are expected to see increased demand due to the customized networks required for Scale-up architecture [3] - The integration of hardware and software in supernode systems is likely to enhance the value-added services of hardware manufacturers [56] - The demand for short-distance high-speed copper connections is strong, while optical interconnects are gradually being integrated into Scale-up networks [3] Focus Areas - Key companies to watch include: - Interconnect & Switching Chips: Sanken Communication, Lattice Semiconductor, and Wantong Development [4] - Network Equipment: ZTE, Ruijie Networks, and Unisplendour [4] - Optical Interconnect: Zhongji Xuchuang, New Easy, and Tianfu Communication [4] - Copper Interconnect: Ruikeda, Shenyu Co., and Wolker Materials [4]

Listing Updates - Poloniex listed new cryptocurrencies including UB, AT, MRDN, PAYAI, APR, ON, PING, MET, 索拉拉 (Solara), and X444 [1] Trading Platform - Users can trade the newly listed cryptocurrencies on Poloniex [1]

🚀 Poloniex New Listing $UB @unibase_ai✅ Deposit open on Oct 30th, 08:00 (UTC)✅ Full trading enable on Oct 30th, 10:00 (UTC)Details: https://t.co/0MYRpwq5vM https://t.co/OERNZ3wDmH ...

portfolio feeling lonely?here’s 7 new frens: $ASTER, $CAMP, $HOLO, $LAUNCHCOIN, $PTB, $UB, $ZKCswap them in the app → https://t.co/sfUxi5vztQnot for UK users ...

Market Performance - Top gainers in the last 7 days include $STBL, $AVNT, $UB, $OVPP, $DORA, $TOSHI, $CCD, $ATH, and $FLZ [1] - $STBL experienced the highest gain at +384% [1] - $AVNT gained +207% [1] - $UB increased by +167% [1] - $OVPP rose by +135% [1] - $DORA increased by +76% [1] - $TOSHI gained +56% [1] - $CCD increased by +50% [1] - $ATH rose by +43% [1] - $FLZ gained +42% [1] Industry Trend - The week was very bullish for low cap altcoins [1]

$UB @Unibase_AI USDT Futures is now live on #Bitget, with up to 50x leverage and trading bots support.🚀 Start trading now: https://t.co/pf4HHibVKx ...

🔥 UB @Unibase_AI trading is now live on #BitMart!💰Trade now: https://t.co/oEJjefbvUl#UBBitMart (@BitMartExchange):#BitMart announces the primary listing of Unibase (UB) @Unibase_AI 🔥Unibase is a decentralized AI memory layer, powering autonomous, interoperable agents and laying the foundation for the on-chain Open Agent Internet.💰Trading pair: UB/USDT💎Deposit: Available💎Trading: https://t.co/vgbIqIwU1z ...

🌈 New #listing🌟 $UB (Unibase) will be listed on LBank! @Unibase_AIUnibase is a high-performance decentralized AI memory layer designed to provide long-term memory and cross-platform interoperability for AI agents.❤️ Details: https://t.co/Kve9XMPnEV https://t.co/5lB9z6y6wq ...

#BitMart announces the primary listing of Unibase (UB) @Unibase_AI 🔥Unibase is a decentralized AI memory layer, powering autonomous, interoperable agents and laying the foundation for the on-chain Open Agent Internet.💰Trading pair: UB/USDT💎Deposit: Available💎Trading: 9/12/2025 9:00 AM UTCLearn more: https://t.co/fviHBQX2dn ...