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Hudian forecasts nine-month net profit growth of 100.54%–109.74%

🇨🇳 China 20:03 Business Business3 Tech updated 3 h ago first reported by 财联社

In short

Hudian (沪电股份) forecast net profit attributable to shareholders of 5.45 billion–5.70 billion yuan for the first nine months of 2026. The company said demand in high-speed switches, AI servers, high-performance computing and smart vehicles helped drive year-on-year growth of 100.54%–109.74%.

Read the full story 1 min read

Hudian (沪电股份) said on October 14 that it expected net profit attributable to shareholders of 5.45 billion–5.70 billion yuan for the first nine months of 2026, up 100.54%–109.74% from a year earlier. The company attributed revenue and profit growth to structural demand for high-speed switches, AI servers, high-performance computing and smart vehicles, alongside continuing optimisation of its product mix. [ 1 , 2 , 4 ]

The company said its Thai subsidiary had moved from a capacity ramp-up phase into scaled operations and turned profitable in the first nine months. CLS calculated a third-quarter net profit forecast of 2.527 billion–2.777 billion yuan, compared with second-quarter profit of 1.681 billion yuan, implying quarter-on-quarter growth of 50%–65%. [ 1 , 4 ]

Why it matters

The company said its Thai subsidiary had moved from a capacity ramp-up phase into scaled operations and turned profitable. CLS calculated that projected third-quarter profit was 50%–65% higher than the second quarter.

Key facts

  • The company forecast nine-month attributable net profit of 5.45 billion–5.70 billion yuan. [ 1 , 2 , 4 ]
  • The forecast represents growth of 100.54%–109.74% year on year. [ 1 , 2 , 3 , 4 ]
  • Its Thai subsidiary turned profitable during the first nine months, the company said. [ 1 , 2 , 4 ]

Confirmed by several sources

  • The company forecast attributable net profit growth of 100.54%–109.74%. [ 1 , 2 , 3 , 4 ]
  • The company said its Thai subsidiary had moved into scaled operations and turned profitable. [ 1 , 2 , 4 ]

Still unclear

  • No open questions in the coverage so far.

What local media are saying

Business mediaBusiness outlets reported the profit-growth forecast and its demand and Thai-operation drivers; CLS calculated sequential third-quarter growth. [ 1 , 3 , 4 ]
Technology media36Kr reported the forecast and the company's explanation of demand and the Thai subsidiary's turnaround. [ 2 ]

Timeline, local time

  1. CLS reported the forecast and its third-quarter calculation. [ 1 ]
  2. Jiemian reported the forecast and the Thai subsidiary's return to profit. [ 4 ]