Industrial Fulian: The company's GB200 shipments are going very smoothly, and GB300 also achieved mass production in the third quarter.

In the performance briefing, Industrial Fulian stated that currently, the company's GB200 shipments are going smoothly, and GB300 has also achieved mass production in the third quarter with continuous improvement in yield and test efficiency. The company predicts that the decrease in unit cost and the improvement in yield will positively support the gross profit margin in the fourth quarter. With the scaling up and optimization of manufacturing processes, the company remains confident in the sustainability of delivery efficiency. Currently, the company has been engaged in joint development with multiple customers on CPO and 1.6T switches and has secured orders. The next-generation platform has completed the development of the Vera Rubin NVL144 platform switch, focusing on link designs with higher energy efficiency and lower latency to improve transmission efficiency. Looking ahead to 2026, with the continuous progress of scaled delivery and the stable improvement in yield, the company's switch business is expected to make a higher quality contribution to the overall revenue structure.