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According to a report released by Huatai Securities on December 2nd, Nanxin Technology (688484.SH) has been given a "buy" rating. The reasons for the rating include: 1) the company achieved a total revenue of about 900 million yuan in the third quarter of 2025, an increase of 40% year-on-year and 16% quarter-on-quarter; net profit attributable to shareholders was 68.51 million yuan, an increase of 3% year-on-year and 16% quarter-on-quarter; non-recurring net profit was 64.05 million yuan, an increase of 2% year-on-year and a significant increase of 56% quarter-on-quarter; 2) the downstream structure continues to improve, with the proportion of automotive and general industrial businesses steadily increasing; 3) a firm commitment to increasing research and development investment, continuously strengthening technological barriers. (Daily Economic News)