[Shanghai Electric Co., Ltd.: Net profit is expected to increase by 100.54%-109.74% year-on-year in the first three quarters of 2026] On October 14, Shanghai Electric Co., Ltd. (002463.SZ) announced that the net profit attributable to shareholders of listed companies in the first three quarters of 2026 is expected to be 5.450 billion yuan-5.700 billion yuan, a year-on-year increase of 100.54%-109.74%. The change in performance is mainly due to the structural demand in application fields such as high-speed switches, AI servers, high-performance computing and smart cars. Superimposed on the continuous optimization of the company's product structure, operating income and net profit have grown rapidly; the Thai subsidiary has entered a large-scale operation period from a production capacity ramp-up period, achieving a turnaround from losses to profits. Xiaocai Note: The company’s Q3 net profit is expected to be 2.527 billion-2.777 billion, and Q2 net profit is 1.681 billion. Based on this calculation, Q3 net profit is expected to increase by 50%-65% month-on-month.