At its Q3 2026 earnings briefing, Chunguang Group stated that in the first three quarters, materials for AI computing power, photovoltaic energy storage, new energy vehicles, and other applications all saw significant growth, with selling prices rising to varying degrees. In the AIDC segment, the company's core advantage lies in ultra-low power consumption materials. The efficiency of its AIDC power supply products has now reached 98.5%, driven in part by the performance characteristics of the company's magnetic materials. At present, the power supply business remains relatively small in scale; however, as the business expands and market certifications are progressively obtained, operating conditions are expected to improve in 2027. Medium- and high-end magnetic powder is still in short supply, and production capacity is being prioritized for new energy, AI computing power, energy storage, and other directions.