工業富聯(601138.SH)上半年淨利潤增38.61%至121.13億元 第二季度AI服務器營收增長超60%
格隆匯8月10日丨工業富聯(601138.SH)披露2025 年半年度報告,2025年上半年,公司實現營業收入 3,607.60 億元,同比增長 35.58%;實現歸屬於母公司所有者的淨利潤121.13 億元,同比增長 38.61%。
2025 年上半年,全球科技產業格局在智能革命浪潮下加速重構,以大模型與生成式AI 爲代表的技術突破推動應用生態進入爆發階段。核心驅動力方面,預計北美四大雲服務商2025年合計資本開支同比實現高速增長,其中 AI 雲基礎設施投入佔比將顯著提升,帶動高端AI 服務器需求激增。公司通過強化產業鏈協同韌性,進一步深化與北美、亞太頂尖科技企業的戰略協作。
公司核心業務盈利能力彰顯強勁增長動能,訂單規模與價值量同步躍升。雲計算業務方面,產品結構持續優化,AI 服務器在雲計算業務中的佔比穩步擴大。第二季度公司整體服務器營收增長超 50%,雲服務商服務器營收同比增長超 150%,AI 服務器營收同比增長超60%。GB200系列產品實現量產爬坡,良率持續改善,出貨量逐季攀升。
通信及移動網絡設備方面,受惠客戶某些特定機種的熱銷,精密機構件業務上半年出貨量同比增長 17%。展望下半年,智能型手機市場高階化趨勢將持續 GenAl 與摺疊裝置將爲產業帶來新增長動能。交換機業務方面,上半年 800G 高速交換機營收較 2024 全年增長近三倍。公司通過深化合作與優化產品結構,鞏固了在覈心客戶羣體的市場份額,進一步夯實了公司在全球高性能計算及 AI 基礎設施領域的競爭力。同時,公司通過持續擴大全球產能佈局版圖,深度整合產業鏈資源,有效強化了公司產能交付的優勢。
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