Minsheng Securities research report points out that Star-net is expected to achieve a net profit attributable to the parent company of 180 million to 240 million yuan in H1, a year-on-year increase of 43.8% to 91.8%; for Q2, the company expects to achieve a net profit attributable to the parent company of 140 million to 200 million yuan, a year-on-year increase of 41.4% to 91.8%, and a quarter-on-quarter increase of 227.3% to 369.8%. The accelerated delivery of internet data center switches combined with operational improvements has led to significant growth in net profit in Q2. The company continues to promote its core strategy of "ICT infrastructure and AI application solutions," with its subsidiary Ascend Information deeply engaged in the finance and Xinchuang fields, driven by "Xinchuang + AI" product innovation, accelerating the upgrade of scenario-based solutions, and actively exploring diverse AI application scenarios; Star-net Vision is laying out in the metaverse field, and during the reporting period, it launched the "Digital Studio" solution, constructing a dynamic digital space through self-developed high-definition projection + metaverse integration technology + dedicated optical screen, creating an immersive creative space that integrates sound, light, and electricity; leveraging DeepSeek to build an AI + KTV system, upgrading voice interaction, golden sentence music reviews, and other functions. The demand for the company's data communication switches is strong, and it is focusing on metaverse, visual internet, smart space, intelligent payment, and other full-scenario AI application solutions, opening up growth space. Maintain "Recommended" rating