Far East Smarter Energy: profit growth, liquid cooling bet, steady orders
Interim profit up 43% despite flat revenue First-half net profit rose 43.13% to 205 million yuan even though revenue was flat at 12.99 billion yuan, and second-quarter profit grew 12% from the first quarter. That shows the company is squeezing more profit from the same sales, which supports the share price.
Profit growth is the core fundamental driver behind the stock's rise.
Acquiring liquid cooling specialist Fudewangwang A subsidiary will pay 216 million yuan for 80% of Huizhou Fudewangwang, a maker of liquid cooling parts for servers, electric vehicles and base stations. The seller promises at least 90 million yuan profit over 2026-2028, adding a new growth business.
This is a new expansion into a hot sector that can lift future earnings.
August orders 1.78 billion yuan, stock hits limit up Subsidiaries won 1.78 billion yuan of orders in August, up 5.4% from a year earlier, bringing first-eight-month orders to 16.54 billion yuan. The stock jumped 10% on September 2 with the market's largest net inflow, showing strong investor demand.
Order wins directly signal future revenue and triggered a sharp price move.
September orders 1.41 billion yuan, mostly strategic clients September contract orders above 10 million yuan each totaled 1.412 billion yuan, including 231 million yuan from power grids and 1.181 billion yuan from other strategic customers. The company says these will help future results, keeping the order pipeline strong.
Fresh order data confirms demand momentum continues into autumn.