The Zheshang Securities Research Report pointed out that Xing Sen Technology's BT carrier board profits are being released at an accelerated pace, and that optical module PCB release is driving a high increase in performance. Net profit for the first three quarters of 2026 was 439 million yuan, up 233.70% year on year; net profit from mother for the third quarter of a single quarter was 328 million yuan, up 219.77% year on year and 257.74% month on month. The volume of high-end products has driven a significant increase in gross margin. Stock repurchases have demonstrated confidence in long-term development. Optical module PCBs have achieved breakthroughs from first-line customers, high-end product volume has driven a continuous increase in profit contributions, the sharp rise in the volume and price of BT carrier boards has accelerated the release of profits, and ABF carrier boards have continued to promote customer introduction. Considering the company's good performance in the third quarter, the volume and price of CSP packaging substrates rose sharply, the optical module mSAP substrate business accelerated, and the company's profit forecast was raised. PE corresponding to the current market value is 60.47, 29.06, and 17.60 times, respectively, maintaining the company's “buy” rating.

The Zheshang Securities Research Report pointed out that Xing Sen Technology's BT carrier board profits are being released at an accelerated pace, and that optical module PCB release is driving a high increase in performance. Net profit for the first three quarters of 2026 was 439 million yuan, up 233.70% year on year; net profit from mother for the third quarter of a single quarter was 328 million yuan, up 219.77% year on year and 257.74% month on month. The volume of high-end products has driven a significant increase in gross margin. Stock repurchases have demonstrated confidence in long-term development. Optical module PCBs have achieved breakthroughs from first-line customers, high-end product volume has driven a continuous increase in profit contributions, the sharp rise in the volume and price of BT carrier boards has accelerated the release of profits, and ABF carrier boards have continued to promote customer introduction. Considering the company's good performance in the third quarter, the volume and price of CSP packaging substrates rose sharply, the optical module mSAP substrate business accelerated, and the company's profit forecast was raised. PE corresponding to the current market value is 60.47, 29.06, and 17.60 times, respectively, maintaining the company's “buy” rating.