Dongxing Securities research reports pointed out that Dawning Information Industry (603019.SH) achieved revenue of 2.329 billion yuan in the third quarter, a year-on-year decrease of 1.19%; while achieving a net income attributable to the parent company of 0.206 billion yuan, a year-on-year increase of 0.41%. The company's overall performance meets expectations, the domestic market is still in the phase of computing power investment, and the demand for domestic computing power remains robust. Bullish on the company's long-term development, it is expected that the company's net income attributable to the parent company in 2024-2026 will be 23.01, 28.33, and 33.95 billion yuan, corresponding to EPS of 1.57, 1.94, and 2.32 yuan. The current stock price corresponds to PE ratios of 38.44, 31.23, and 26.06 times for 2024-2026, maintaining a "strong buy" rating.