According to a research report from CITIC Securities, the electronics industry's total revenue in the third quarter witnessed a 15% year-on-year increase, with net profit surging by 46% year-on-year. When it comes to demand, sectors like AI data centers, mobile phones, and the automotive industry are seeing positive growth. Moreover, downstream demand in other industrial and B2B sectors is also displaying signs of a rebound. Regarding domestic substitution, notable progress has been achieved in local computing power, which has resulted in an increased market share and heightened expectations for downstream capacity expansion. Among these developments, equipment companies have sustained stable revenue, although profit levels have shown some variation, with memory-related and other enterprises delivering standout performances. Additionally, subsectors such as computing power-related PCBs and leading domestic computing power chip companies have also exhibited exceptional performance.