Analysis of Industrial Fulian (601138.SH) as a Hot Stock: Drivers, Performance, and Recent Volatility

Industrial Fulian (Foxconn Industrial Internet) is a leading provider of AI servers, communication equipment, and cloud computing solutions [4]. Founded in 2015, it has grown to become a core player in the global AI hardware chain.

1. AI Server Business
   : The company’s AI server revenue surged over 300% YoY in the first three quarters of 2025, driven by partnerships with Nvidia and demand from cloud service providers [1].
2. Strong Financial Performance
   : Q3 2025 revenue reached 2431.72B yuan, with net profit of 103.73B yuan—both record highs [4].
3. Institutional Support
   : 20 out of 23 covering institutions have given a ‘Buy’ rating [4].

On November 24, the stock touched its daily limit down due to concerns over cash flow pressure and inventory buildup [2,3]. The company responded that Q4 operations are proceeding as planned [2].

Despite short-term volatility, the long-term outlook remains positive due to the ongoing AI infrastructure boom. The company is well-positioned as a ‘shovel seller’ in the AI revolution [1,4].