Guolunhui October 16th | Open source securities research reports pointed out that Haiguang Information (688041.SH) had a net income of 1.526 billion yuan attributable to mothers in the first three quarters, a year-on-year increase of 69.22%; of which, Q3's net income attributable to mothers was 0.672 billion yuan, a year-on-year increase of 199.90%. The company's revenue and profits far exceeded expectations, indicating a sustained high prosperity in the industry of information and creativity, with the company's product competitiveness outstanding. At the end of the third quarter, the company's inventory was 3.896 billion yuan, an increase of 1.441 billion yuan from the end of the second quarter, indicating that the inventory continues to increase, implying that the company has ample inventory and strong downstream demand. In addition, the company's DCU products are rapidly iterating and are expected to become mainstream GPU products in China. Considering the company's outstanding product competitiveness, continuous performance exceeding expectations, I am bullish on the company's long-term development and maintain a "buy" rating.