FS.COM (03355.HK): First Nine Months Revenue Up 33.1% to RMB 2.8945bn, Net Profit Up 78.5%

NewTimeSpace News: On 23 October 2026, FS.COM Limited (the "Company") announced, pursuant to Rule 13.09 of the Listing Rules and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), its financial and business information for the first three quarters ended 30 September 2026. The financial information is prepared under International Financial Reporting Standards and is unaudited: for the nine months ended 30 September 2026, the Group's revenue was RMB 2,894.5 million, up 33.1% from RMB 2,174.7 million in the same period of 2025; net profit was RMB 755.6 million, up 78.5% from RMB 423.2 million; and adjusted net profit was RMB 777.9 million, up 68.9% from RMB 460.5 million. Adjusted net profit is net profit excluding the effects of share-based payments, listing expenses and interest expenses on redemption liabilities.

The announcement disclosed that, benefiting from continued strong industry demand, rising AI infrastructure investment across sectors and the business synergies delivered by the Boda acquisition, the Group's third-quarter operations maintained rapid growth and its core business order scale kept up good momentum. During the period, the Group continued to advance product iteration and capability upgrades for network solutions. The Company focuses on the research, development and sale of holistic network solutions and, leveraging its long-accumulated R&D barriers, mature supply chain system and global customer footprint, its acquisition of Boda during the year effectively completed the Group's capabilities in multi-category network equipment and supporting supply chains, with integration at the internal technology R&D level progressing steadily.

The Company stated that the Group continues to pursue technology iteration alongside product upgrades, advancing high-end and high-speed product offerings, reviewing its product matrix and planning overall product solutions, optimising its dual-brand positioning and business segment layout, differentiating the target markets of different brands and further consolidating its coverage of domestic and overseas markets; during the period, revenue from the Company's high-performance network solutions maintained rapid growth, up 51.5% year on year. The Company said it will continue to improve supply chain management and global manufacturing capabilities and drive the Group's overall product strategy upgrade; looking ahead, the Group will deepen its market segmentation strategy, refine multi-product-line planning, continue to capture opportunities in data centres, AI computing centres and the enterprise network market, and further integrate R&D, manufacturing and market functions to consolidate and strengthen its overall competitiveness in the global network solutions sector. The announcement cautioned that the information is based on the board's preliminary review of internal data currently available to and collected by the Company, is not intended to present the Group's financial results comprehensively, has not been audited or reviewed by the Company's auditor and may be subject to change and adjustment. The announcement was issued by Mr. Xiang Wei, chairman of the board and executive director, on behalf of the board.