According to a recent research report by Guojin Securities, the 26Q3 performance of Liancun Instruments accelerated steeply, and the performance of leading optical testing companies repeatedly reached new highs. The first three quarters of 2026 are expected to achieve net profit of 19.0 to 2.10 billion yuan, a year-on-year increase of 1866.0% to 2073.0%; 26Q3's net profit of about 13.3 to 1.53 billion yuan, an increase of 3224% to 3723%; and a sharp increase of 198% to 242% compared to the 448 million yuan in 26Q2, with significant month-on-month growth and impressive performance. HBM brought about an increase in core demand for storage testing, and the company's high-speed storage testing machine progressed smoothly. The CPO testing machine has a cutting-edge layout, and the leading international customers have shipped smoothly, and the fundamental data fully confirms the boom. Maintain a “buy” rating.

According to a recent research report by Guojin Securities, the 26Q3 performance of Liancun Instruments accelerated steeply, and the performance of leading optical testing companies repeatedly reached new highs. The first three quarters of 2026 are expected to achieve net profit of 19.0 to 2.10 billion yuan, a year-on-year increase of 1866.0% to 2073.0%; 26Q3's net profit of about 13.3 to 1.53 billion yuan, an increase of 3224% to 3723%; and a sharp increase of 198% to 242% compared to the 448 million yuan in 26Q2, with significant month-on-month growth and impressive performance. HBM brought about an increase in core demand for storage testing, and the company's high-speed storage testing machine progressed smoothly. The CPO testing machine has a cutting-edge layout, and the leading international customers have shipped smoothly, and the fundamental data fully confirms the boom. Maintain a “buy” rating.