证券代码：300857 证券简称：协创数据 公告编号：2025-056 协创数据技术股份有限公司 关于参加深圳证券交易所"智脑赋能·逐梦新蓝海" 2024 年度集体业绩说明会的公告 4、公司出席人员：公司董事、总经理潘文俊先生，副总经理、董 事会秘书甘杏女士，财务负责人瞿亚能先生，独立董事胡琦先生，保 荐代表人何朝丹女士。 二、投资者问题征集方式 协创数据技术股份有限公司（以下简称"公司"）将于2025年5月 21日（星期三）15:00－17:00参加由深圳证券交易所组织召开的以"智 脑赋能·逐梦新蓝海"为主题的集体业绩说明会活动，现将有关事项 公告如下： 一、本次业绩说明会的安排 1、召开时间：2025年5月21日（星期三）15:00－17:00 2、召开地点：深圳证券交易所8楼上市大厅 3、召开方式：视频直播与图文转播 为充分尊重投资者、提升交流的针对性，现就本次业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 欢迎广大投资者积极参与本次业绩说明会。 特此公告。 协创数据技术股份有限 ...

证券代码：300857 证券简称：协创数据 公告编号：2025-055 协创数据技术股份有限公司 关于公司变更注册资本并完成工商变更登记的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、具体情况概述 协创数据技术股份有限公司（以下简称"公司"）分别于2025年 3月28日、2025年4月21日召开第三届董事会第三十三次会议、2024年 度股东会，审议通过了《关于变更注册资本、修订<公司章程>并授权 办理工商变更登记的议案》，具体内容详见公司于2025年4月1日及 2025年4月21日在巨潮资讯网（www.cninfo.com.cn）上披露的《关于 变更注册资本、修订<公司章程>并授权办理工商变更登记的公告》及 相关公告。 近日，公司完成了工商变更登记手续，并取得了深圳市市场监督 管理局下发的《登记通知书》，公司变更后的工商登记信息如下： 公司名称：协创数据技术股份有限公司 统一社会信用代码：914403007798542523 类型：股份有限公司（港澳台投资、上市） 住所：深圳市福田区深南大道耀华创建大厦1座12层1209号房 法定代表人：潘文俊 注 ...

Core Viewpoint - The company, Xiechuang Data, is actively expanding its capabilities in computing power and robotics, reporting significant revenue growth and strategic partnerships in these areas [1][2][3] Group 1: Financial Performance - In Q1 2025, the company achieved a revenue of 2.077 billion yuan, representing an 18.11% year-on-year increase [1] - The net profit attributable to shareholders for Q1 2025 was 169 million yuan, showing a 4.29% year-on-year growth [1] - Total assets increased by 36.85% compared to the beginning of the year [1] Group 2: Business Development - The company has signed contracts with multiple leading enterprises in its computing power business, focusing on high-end computing and cloud services [3] - The company is enhancing its cloud computing, smart store, e-commerce SaaS, and server remanufacturing investments, with significant revenue growth in intelligent computing and cloud services [3] - The company launched the FCloud intelligent training platform on January 24, 2025, aimed at various sectors including robotics, biopharmaceuticals, and finance [3] Group 3: Strategic Initiatives - The company is committed to building a comprehensive intelligent computing ecosystem and aims to become a global leader in cloud services [2] - The company’s subsidiary, Aojia Software, obtained NVIDIA CLOUD PARTNER certification, indicating its capability in AI computing leasing and cloud services [2] - The company is actively developing a full-stack embodied intelligent robot development platform, which has recently gone live [1][3]

Group 1: Business Performance and Financials - In Q1 2025, the company achieved revenue of 2,077.32 million yuan, a year-on-year increase of 18.11% [7] - The net profit attributable to shareholders in Q1 2025 was 169.21 million yuan, up 4.29% year-on-year [7] - Total assets as of March 31, 2025, reached 9,996.56 million yuan, reflecting a growth of 36.85% since the beginning of the year [7] Group 2: Strategic Initiatives and Market Position - The company plans to enhance its position in the AI and AGI sectors by increasing its investment in computing power services and cloud services [2] - The company has established a comprehensive platform for service robots, including advanced manufacturing capabilities such as robotic dogs and humanoid robots [2][4] - The company has obtained NVIDIA CLOUD PARTNER certification, indicating its capability in AI computing rental and cloud services [3] Group 3: Research and Development - R&D expenses have increased by 53.84%, with an expected revenue generation timeline of approximately 18 months from the start of investment [2] - The company is focusing on innovation and talent development, with increased investments in R&D and employee compensation [7] Group 4: Market Demand and Competition - The company is actively engaged in the computing power rental market, with a stable pricing strategy aimed at high-quality clients [8] - The expected return on investment for computing power rental services is reported to be between 28% and 35% [8] Group 5: Product Development and Future Outlook - The FCloud intelligent training platform was launched on January 24, 2025, and is expected to generate revenue in the future [9] - The company’s IoT smart terminal products achieved revenue of 2.259 billion yuan in 2024, marking a 60.82% year-on-year growth [9]

Core Viewpoint - The company reported strong financial performance in Q1 2025, with significant growth in revenue and net profit, driven by expansion in AI computing and leasing business [1][2] Financial Performance - Q1 2025 revenue reached 2.077 billion yuan, an increase of 18.11% year-on-year [1] - Net profit attributable to shareholders was 169 million yuan, up 4.29% year-on-year [1] - Non-recurring net profit was 165 million yuan, reflecting a year-on-year growth of 1.91% [1] Asset and Cash Position - Total assets as of Q1 2025 amounted to 9.997 billion yuan, representing a 36.85% increase year-on-year [1] - Cash and cash equivalents increased significantly, with monetary funds at 2.466 billion yuan, up 61.44% year-on-year [1] - Short-term borrowings rose to 1.974 billion yuan, a 51.64% increase, while long-term borrowings surged to 1.780 billion yuan, up 334.42% [1] Business Expansion - The company is heavily investing in server procurement, with prepayments for equipment reaching 559 million yuan, a 217.72% increase year-on-year [1] - Contract liabilities grew to 98 million yuan, reflecting a substantial increase of 364.8% year-on-year [1] - Inventory levels rose to 2.202 billion yuan, marking a 16.48% increase year-on-year [1] Operational Costs and Challenges - The increase in net profit was impacted by personnel expansion, with sales expenses rising to 13 million yuan, a 140.34% increase year-on-year [2] - Management expenses increased to 34 million yuan, up 20.84% due to higher stock incentive costs [2] - Credit impairment losses expanded to 39 million yuan, a 128.60% increase year-on-year, attributed to aging accounts [2] Future Outlook - The company is focusing on developing its AI computing center and leasing business, aiming to create a multi-level growth engine [2] - Revenue projections for 2025-2027 are estimated at 10.732 billion, 13.635 billion, and 16.946 billion yuan, respectively, with net profits expected to reach 1.108 billion, 1.629 billion, and 2.114 billion yuan [2]

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 133.3 CNY [1][6]. Core Views - The company has sufficient orders on hand and is experiencing steady growth in performance. In 2024, the company achieved a revenue of 74.10 billion CNY, representing a year-on-year increase of 59.08%, and a net profit attributable to shareholders of 6.92 billion CNY, up 140.80% year-on-year [6][7]. - The company continues to deepen its integrated "cloud-edge-end" smart storage and intelligent IoT system, focusing on smart storage, intelligent IoT, cloud services, computing servers, and server remanufacturing, driven by AI demand [6][7]. - The AI wave is driving demand for computing power, with significant growth in server remanufacturing and computing power leasing businesses [6][7]. Financial Summary - **Revenue Forecast**: The company is projected to achieve revenues of 10,430 million CNY in 2025, 13,369 million CNY in 2026, and 16,434 million CNY in 2027, with year-on-year growth rates of 40.8%, 28.2%, and 22.9% respectively [2][7]. - **Net Profit Forecast**: The net profit attributable to shareholders is expected to be 1,074 million CNY in 2025, 1,450 million CNY in 2026, and 1,891 million CNY in 2027, with growth rates of 55.3%, 35.0%, and 30.4% respectively [2][7]. - **Earnings Per Share (EPS)**: The EPS is projected to be 4.38 CNY in 2025, 5.91 CNY in 2026, and 7.71 CNY in 2027 [2][7]. - **Valuation Ratios**: The price-to-earnings (P/E) ratio is expected to decrease from 38 in 2024 to 14 in 2027, while the price-to-book (P/B) ratio is projected to decline from 8.1 to 3.6 over the same period [2][7]. Business Performance - The company's IoT intelligent terminal business generated revenue of 22.59 billion CNY in 2024, a year-on-year increase of 60.82%, primarily benefiting from overseas expansion in smart security and smart home sectors [6][7]. - The data storage equipment business achieved revenue of 44.57 billion CNY, up 54.98% year-on-year, due to continuous investment in data centers and cloud storage [6][7]. - In Q1 2025, the company reported revenue of 20.77 billion CNY, a year-on-year increase of 18.11%, and a net profit of 1.69 billion CNY, up 4.29% year-on-year [6][7].

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 133.3 CNY [1][6]. Core Insights - The company has sufficient orders on hand and is experiencing steady growth in performance. In 2024, the company achieved a revenue of 74.10 billion CNY, representing a year-on-year increase of 59.08%, and a net profit attributable to shareholders of 6.92 billion CNY, up 140.80% year-on-year [6][7]. - For Q1 2025, the company reported a revenue of 20.77 billion CNY, a year-on-year increase of 18.11%, and a net profit of 1.69 billion CNY, up 4.29% year-on-year [6][7]. - The company is focusing on deepening its "cloud-edge-end" integrated smart storage and intelligent IoT system, driven by AI demand, enhancing supply chain efficiency and cost control [6][7]. Financial Performance Summary - **Revenue Forecast**: - 2024: 7,410 million CNY - 2025: 10,430 million CNY - 2026: 13,369 million CNY - 2027: 16,434 million CNY - Year-on-year growth rates: 59.1% (2024), 40.8% (2025), 28.2% (2026), 22.9% (2027) [2][7]. - **Net Profit Forecast**: - 2024: 692 million CNY - 2025: 1,074 million CNY - 2026: 1,450 million CNY - 2027: 1,891 million CNY - Year-on-year growth rates: 140.8% (2024), 55.3% (2025), 35.0% (2026), 30.4% (2027) [2][7]. - **Earnings Per Share (EPS)**: - 2024: 2.82 CNY - 2025: 4.38 CNY - 2026: 5.91 CNY - 2027: 7.71 CNY [2][7]. - **Valuation Ratios**: - Price-to-Earnings (P/E) ratio: 38 (2024), 24 (2025), 18 (2026), 14 (2027) - Price-to-Book (P/B) ratio: 8.1 (2024), 6.2 (2025), 4.7 (2026), 3.6 (2027) [2][7]. Business Segments Performance - The IoT intelligent terminal business generated revenue of 22.59 billion CNY, up 60.82% year-on-year, benefiting from overseas expansion in smart security and smart home sectors [6][7]. - The data storage equipment business achieved revenue of 44.57 billion CNY, a year-on-year increase of 54.98%, driven by continuous investment in data centers and cloud storage [6][7]. Investment Recommendation - Based on the latest financial reports and anticipated price declines in storage in the second half of 2024, the revenue projections for 2025-2027 have been adjusted to 104.30 billion CNY, 133.69 billion CNY, and 164.34 billion CNY respectively, with net profits of 10.74 billion CNY, 14.50 billion CNY, and 18.91 billion CNY [6][7].

证券代码：300857 证券简称：协创数据 公告编号：2025-054 协创数据技术股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 一、股东会审议通过利润分配方案的情况 协创数据技术股份有限公司（以下简称"公司"或"本公司"） 2024 年年度权益分派方案已获 2025 年 4 月 21 日召开的 2024 年度股 东会审议通过，具体内容详见公司于 2025 年 4 月 21 日在巨潮资讯网 （www.cninfo.com.cn）披露的《2024 年度股东会决议公告》。现将 权益分派事宜公告如下： （一）公司 2024 年度具体利润分配及资本公积转增股本方案为： 以公司截至 2024 年 12 月 31 日的总股本 245,255,146 股为基数向全 体股东每 10 股派发现金 2.93 元（人民币含税金额，下同），共计派 发现金红利 71,859,757.78 元，其余未分配利润结转下年；以资本公 积向全体股东每 10 股转增 4 股，合计转增 98,102,058 股（最终准确 数量以中国证券登记结算有限责 ...

证券代码：300857 证券简称：协创数据 公告编号：2025-053 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，协创数据技术股份有限公司 （以下简称"公司"）将参加由深圳证监局指导，深圳上市公司协会 主办，深圳证券业协会、深圳市投资基金同业公会协办，深圳市全景 网络有限公司承办的"聚势湾区·智领消费——2024年度大消费行业 集体业绩说明会"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（http://rs.p5w.net），或关注微信公众号：全景财经，或下载 全景路演 APP,参与本次互动交流，活动时间为 2025 年 5 月 13 日（周 二）14:00-17:30。届时公司董事长耿康铭先生，副总经理、董事会秘 书甘杏女士，副总经理吴春兰女士将在线介绍公司 2024 年度业绩情 况，并就 2024 年度业绩、公司治理、发展战略、经营状况和可持续 发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资 者踊跃参与。 协创数据技术股份有限公司 关于参加聚势湾区·智领消费— ...

Core Viewpoint - The company asserts that factors such as tariffs will not significantly impact its operations due to its diversified supply chain strategy and cost optimization measures [1] Group 1: Operational Strategies - The company has implemented a diversified supply chain strategy to mitigate risks associated with tariffs [1] - Production processes have been optimized to lower costs, allowing the company to maintain profitability [1] - The company has adopted appropriate pricing strategies to pass on some of the tariff burdens to customers [1] Group 2: Market Diversification - The company is actively expanding into emerging markets to reduce reliance on any single market [1] - Strengthening market diversification is a key focus to ensure stability against external factors like tariffs [1]