Investment Rating - The report maintains a "Buy" rating for the company [1][7] Core Views - The company has shown continuous high growth in performance, with a focus on expanding its computing power services and robotics sector [1][6] - In 2024, the company achieved a revenue of 7.41 billion yuan, representing a year-on-year growth of 59.08%, and a net profit of 692 million yuan, up 140.80% year-on-year [4][8] - The company is actively expanding its computing power services and has obtained NVIDIA Cloud Partner certification, enhancing its capabilities in AI model services and cloud computing [6] Financial Performance - The company reported a significant increase in revenue across various business segments, with intelligent IoT business revenue reaching 2.26 billion yuan, up 60.82% year-on-year [5] - The overall gross margin improved by 3.81 percentage points to 17.36% in 2024, driven by high-margin businesses [5][10] - The company forecasts revenues of 10.95 billion yuan, 14.52 billion yuan, and 18.55 billion yuan for 2025, 2026, and 2027 respectively, with net profits projected at 1.09 billion yuan, 1.55 billion yuan, and 2.06 billion yuan [7][8] Business Expansion - The company is strategically focusing on the robotics sector, integrating its subsidiary to enhance its capabilities in developing products like robotic dogs and humanoid robots [6] - Collaborations with major enterprises in cloud computing and AI applications are underway, indicating a robust growth trajectory in these areas [6][8]

Investment Rating - The report maintains a "Buy" rating for the company [3][5]. Core Viewpoints - The company has achieved rapid revenue growth, with a reported revenue of 7.41 billion yuan in 2024, representing a year-on-year increase of 59.08%. The net profit attributable to shareholders reached 692 million yuan, up 140.80% year-on-year [1]. - The company is expanding into the AI computing rental and cloud service sectors, having obtained NVIDIA CLOUD PARTNER certification, which enhances its capabilities in these areas [2]. - The company is also venturing into the robotics field, establishing a subsidiary focused on advanced intelligent manufacturing, including service robots and humanoid robots [3]. Financial Performance - In 2024, the company reported a revenue of 7,410 million yuan, with a year-on-year growth rate of 59.1%. The net profit attributable to shareholders was 692 million yuan, reflecting a growth rate of 140.8% [4]. - The projected revenues for 2025, 2026, and 2027 are estimated at 10,126 million yuan, 12,798 million yuan, and 16,071 million yuan, respectively, with corresponding net profits of 1,040 million yuan, 1,344 million yuan, and 1,730 million yuan [4]. - The company's earnings per share (EPS) for 2024 is projected at 2.82 yuan, with a significant increase expected in subsequent years [4]. Business Segments - The data storage equipment segment generated 4.46 billion yuan in revenue, growing by 54.98% year-on-year, while the IoT smart terminal segment achieved 2.26 billion yuan, up 60.82% year-on-year [1]. - The company is leveraging its strengths in AI, big data, machine learning, and automation to enhance its core competitiveness in the intelligent manufacturing sector [3].

Core Viewpoint - The company, Xiechuang Data, has shown significant growth in its financial performance for 2024, with substantial increases in revenue and net profit, alongside changes in shareholder structure and upcoming profit distribution plans [2][3][4]. Financial Performance - The company's main revenue for 2024 reached 7.41 billion yuan, a year-on-year increase of 59.08% [2][3]. - The net profit attributable to shareholders was 691.78 million yuan, up 140.80% compared to the previous year [2][3]. - The net profit after deducting non-recurring gains and losses was 671.32 million yuan, reflecting a 144.33% increase year-on-year [2][3]. - The company's gross profit margin stood at 17.36% [2]. - The net cash flow from operating activities for 2024 was 989.95 million yuan, a significant increase of 202.41% [3]. Shareholder Changes - As of March 31, 2025, the number of shareholders increased to 29,600, representing a growth of 20.57% from the end of December 2024 [1][5]. - The average number of shares held per shareholder decreased from 9,994 shares to 8,289 shares, with an average holding value of 966,900 yuan [1]. Capital Distribution Plan - The company plans to distribute a cash dividend of 2.93 yuan per 10 shares, totaling approximately 71.86 million yuan, and to increase capital by converting reserves into equity, issuing 4 new shares for every 10 held [4][5]. Upcoming Meetings - The company will hold its 2024 annual shareholders' meeting on April 21, 2025, to discuss various proposals, including the annual report and profit distribution plan [8].

证券代码：300857 证券简称：协创数据 公告编号：2025-042 协创数据技术股份有限公司 关于证券事务代表辞职的公告 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。 公司及董事会对胡杰女士在任职证券事务代表期间对公司发展 做出的贡献表示衷心感谢。 公司将根据《深圳证券交易所创业板股票上市规则》《深圳证券 交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 等相关规定，尽快聘任符合任职资格的人员担任公司证券事务代表， 协助公司董事会秘书开展工作。 特此公告。 协创数据技术股份有限公司 董事会 2025 年 4 月 3 日 协创数据技术股份有限公司（以下简称"公司"）董事会于近日 收到公司证券事务代表胡杰女士提交的书面辞职申请，胡杰女士因个 人原因，申请辞去公司证券事务代表职务。辞去上述职务后， 胡杰 女士将转任公司其他职务，其辞职不会影响公司相关工作的正常开展。 胡杰女士的上述辞职申请自送达董事会时生效。截至本公告披露 日，胡杰女士未持有本公司股份，亦不存在应当履行而未履行的承诺 事项。 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company [5][4]. Core Views - The company achieved a revenue of 7.41 billion yuan in 2024, representing a year-on-year growth of 59.1%, and a net profit attributable to shareholders of 0.69 billion yuan, up 140.8% year-on-year [2][11]. - The company is focusing on developing AI computing centers and computing power leasing business, having obtained NVIDIA CLOUD PARTNER qualification [3][4]. - The company is actively expanding into the service robot sector, enhancing its capabilities in advanced manufacturing [3][4]. Financial Summary - **Revenue and Profitability**: - 2024 revenue is projected at 7.41 billion yuan, with a growth rate of 59.1% year-on-year. The net profit attributable to shareholders is expected to be 0.69 billion yuan, reflecting a 140.8% increase year-on-year [2][11]. - The gross margin for 2024 is 17.36%, an increase of 3.79 percentage points year-on-year, while the net profit margin is 9.27%, up 3.13 percentage points year-on-year [2][11]. - **Future Projections**: - The company forecasts revenues of 10.02 billion yuan, 13.39 billion yuan, and 17.14 billion yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 1.03 billion yuan, 1.41 billion yuan, and 1.84 billion yuan [4][16]. - **Valuation Metrics**: - The projected P/E ratios for 2025, 2026, and 2027 are 26.9, 19.6, and 15.1 respectively, while the P/B ratios are expected to be 6.6, 5.0, and 3.8 [4][16]. Business Segments - **Data Storage Equipment**: - This segment generated revenue of 4.46 billion yuan in 2024, accounting for 60.2% of total revenue, with a year-on-year growth of 55.0% [2][11]. - **IoT Smart Terminals**: - Revenue from this segment reached 2.26 billion yuan in 2024, representing 30.5% of total revenue, with a year-on-year growth of 60.8% [2][11].

Core Viewpoint - The company, Xiechuang Data, has demonstrated significant growth in its financial performance, with a notable increase in both revenue and net profit for the year 2024, driven by strategic investments and market expansion efforts [1][2][3]. Financial Performance - In 2024, Xiechuang Data achieved a revenue of 74.1 billion yuan, representing a year-on-year growth of 59.08% [1][2]. - The net profit attributable to shareholders reached 6.92 billion yuan, marking a 140.8% increase compared to the previous year [1][2]. - The company's operating cash flow turned from a net outflow of 0.97 billion yuan in 2023 to a net inflow of 0.99 billion yuan in 2024 [2][3]. - The gross profit margin reached a historical high of 17.36%, an increase of 3.81 percentage points year-on-year [2]. Product Segmentation - Xiechuang Data's revenue growth was driven by three main product categories: IoT smart terminals, data storage devices, and other products, with respective growth rates of 60.82%, 54.98%, and 83.89% in 2024 [1][3]. Market Expansion - The company has significantly increased its overseas market presence, with foreign revenue reaching 37.49 billion yuan in 2024, accounting for over 50% of total revenue [1][5]. - Since its listing, Xiechuang Data has invested in overseas factories, including in Southeast Asia, to enhance its international operations [4][5]. R&D Investment - Xiechuang Data has consistently increased its R&D expenditures, totaling 2.41 billion yuan in 2024, with a cumulative investment of 6.73 billion yuan since its listing [6]. - The company holds 395 domestic patents in the smart IoT terminal sector and has also secured 7 patents in the overseas market, specifically in the United States [6]. Customer Concentration Risk - The company faces customer concentration risk, with sales to its top five customers totaling 40.93 billion yuan, representing 55.23% of total sales for the year [3].

Group 1 - The core viewpoint of the article is that the company announced its 2024 annual distribution plan, proposing a 10-for-4 stock split and a cash dividend of 2.93 yuan (including tax) [2] - The company reported a total operating revenue of 7.41 billion yuan for 2024, representing a year-on-year increase of 59.08% [2] - The net profit for the company reached 692 million yuan, showing a significant year-on-year growth of 140.80% [2] Group 2 - The basic earnings per share (EPS) for the company is 2.83 yuan, with a weighted average return on equity (ROE) of 24.31% [2] - In the past five days, there has been a net outflow of 1.3967 million yuan in main funds [3] - Among 828 companies that announced their 2024 distribution plans, 52 included stock splits, with 26 seeing their stock prices rise on the announcement day [3]

2025年4月1日，协创数据(300857.SZ)发布2024年年度报告。截至2025年3月31日，共有180个机构投资 者披露持有协创数据A股股份，合计持股量达1.11亿股，占协创数据总股本的45.12%。其中，前十大机 构投资者包括协创智慧科技有限公司、POWER CHANNEL LIMITED、香港中央结算有限公司、招商银 行股份有限公司-南方中证1000交易型开放式指数证券投资基金、富港电子(天津)有限公司、锐方(上海) 私募基金管理有限公司-锐方红岸三号私募证券投资基金、华夏中证1000ETF、华夏创成长ETF、广发中 证1000ETF、建信智汇优选一年持有期混合(MOM)，前十大机构投资者合计持股比例达43.66%。相较 于上一季度，前十大机构持股比例合计下跌了1.55个百分点。 公募基金方面，本期较上一期持股增加的公募基金共计1个，即信澳优势产业混合A，持股增加占比小 幅上涨。本期较上一季度持股减少的公募基金共计22个，主要包括诺德新生活A、南方中证1000ETF、 宝盈转型动力混合A、西部利得景瑞混合A、东方阿尔法优选混合A等，持股减少占比达0.76%。本期较 上一季度新披露的公募基金共计15 ...

2025年3月31日，协创数据（300857）发布了2024年年报。报告显示，公司全年实现营业收入74.10亿 元，同比增长59.08%；归属净利润6.92亿元，同比增长140.80%；扣非净利润6.71亿元，同比增长 144.33%。尽管业绩表现亮眼，但公司在服务器采购和股东质押方面的动作引发了市场的广泛关注。 协创数据在2024年实现了显著的业绩增长，主要得益于其在"云-边-端"一体化战略上的持续投入。公司 通过加大AI研发投入，推出了多款高端云服务产品，并在智慧存储、智能物联、云服务、算力服务器 和服务器再制造等业务条线上取得了显著进展。然而，公司在服务器采购方面的巨额投资和控股股东的 股份质押行为，引发了市场对其未来发展的担忧。 未来发展的挑战与机遇 尽管协创数据在2024年取得了显著的业绩增长，但公司在服务器采购和股东质押方面的动作，为其未来 发展带来了不小的挑战。如何在保证资金链安全的前提下，实现服务器采购的预期收益，将是公司未来 需要重点解决的问题。同时，公司还需在AI和云计算领域持续创新，以保持其在智能物联终端制造商 和综合性云服务提供商领域的领先地位。 协创数据的2024年年报无疑展示了其在 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：300857 证券简称：协创数据 公告编号：2025-023 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 华兴会计师事务所（特殊普通合伙）对本年度公司财务报告的审计意见为：标准的无保留意见。 本报告期会计师事务所变更情况：公司本年度会计师事务所由变更为华兴会计师事务所（特殊普通合 伙）。 非标准审计意见提示 □适用 √不适用 公司上市时未盈利且目前未实现盈利 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 公司经本次董事会审议通过的利润分配预案为：以总股本245,255,146为基数，向全体股东每10股派发现 金红利2.93元（含税），送红股0股（含税），以资本公积金向全体股东每10股转增4股。 二、公司基本情况 1、公司简介 （一）主营业务及主要产品情况 公司采用以技术创新为核心的经营模式，通过研发先进的硬件和软件解决方案，提供一体化的产品和服 务。同时，结合定 ...