证券代码：300857 证券简称：协创数据 公告编号：2025-124 协创数据技术股份有限公司 关于召开2025年第七次临时股东会的通知 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。 协创数据技术股份有限公司（以下简称"公司"）于2025年9月 24日召开第四届董事会第五次会议，审议通过了《关于提请召开2025 年第七次临时股东会的议案》，决定于2025年10月13日（星期一）召 开公司2025年第七次临时股东会，现将有关事项通知如下： 一、召开会议的基本情况 （一）股东会届次：2025年第七次临时股东会。 （二）股东会的召集人：第四届董事会。 （三）会议召开的合法、合规性：本次临时股东会的召集程序符 合有关法律、行政法规、规范性文件和《公司章程》的有关规定。 （四）会议召开的日期、时间： 1.现场会议召开日期、时间：2025年10月13日（星期一）14:00 2.网络投票起止日期、时间：2025年10月13日 其中，通过深圳证券交易所交易系统网络投票的具体时间为2025 年10月13日9:15-9:25，9:30-11:30，13:00-15:00；通过 ...

证券代码：300857 证券简称：协创数据 公告编号：2025-119 协创数据技术股份有限公司 （一）协创数据技术股份有限公司（以下简称"公司"）第四届 董事会第五次会议通知于 2025 年 9 月 18 日通过邮件的方式通知了 第四届董事会全体董事及相关与会人员，同时列明了会议的召开时 间、内容和方式。 （二）本次董事会于 2025 年 9 月 24 日以现场结合通讯表决方式 召开。 （三）本次董事会应出席董事 7 名，实际出席董事 7 名。 （四）本次董事会由董事长耿康铭先生召集和主持，高级管理人 员列席了本次会议。 （五）本次会议的召集、召开和表决程序符合《中华人民共和国 公司法》等法律、法规和《公司章程》的有关规定。 二、董事会会议审议情况 经与会董事认真审议，形成决议如下： 第四届董事会第五次会议决议公告 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、董事会会议召开情况 本议案尚需提交公司股东会审议，并经出席会议的股东及股东 代理人所持有效表决权的三分之二以上通过。 （二）逐项审议通过《关于公司首次公开发行境外上市股份（H 股）并在香港联合交 ...

Core Viewpoint - The company plans to purchase solid-state drive materials for a total amount of 150 million yuan to support its data storage server production, which is part of its daily operations and aims to enhance storage service development [1] Summary by Categories Transaction Details - The transaction does not constitute a major asset restructuring or related party transaction and has been unanimously approved by the board of directors [1] - The funding for the transaction will come from the company's own funds, with payment made via bank transfer after goods are received and inspected [1] Financial Impact - This procurement is part of the company's routine operations and is not expected to have a significant impact on its financial status [1] - Cumulatively, the company has reached a total asset purchase amount of 2.217 billion yuan within the last 12 months, meeting the threshold for shareholder meeting review [1]

Core Viewpoint - The company, Qichuang Data (300857.SZ), announced plans to purchase solid-state drive materials from a supplier, with a total contract value estimated at 150 million yuan, to support its operational needs and enhance its data storage services [1]. Group 1 - The procurement of solid-state drive materials is essential for the company's daily operations [1]. - The total amount of the procurement contract is expected to be 150 million yuan [1]. - This transaction is aimed at promoting the company's storage services and providing necessary support for its ongoing development of intelligent computing complexes [1].

Group 1 - The core viewpoint of the article highlights that Xichuang Data has launched the OmniBot, an embodied intelligent service platform that achieves an end-to-end closed loop from cloud simulation to physical deployment, marking a new phase in robot development [1] - OmniBot integrates NVIDIA's IsaacSim/IsaacLab simulation environment and GROOT robot intelligence model with its own cloud platform, creating a comprehensive cloud-based robot development and operation system [1] - The platform allows developers to complete model training in the cloud, significantly lowering the development threshold and costs through edge computing boxes that deploy models to the robots [1] Group 2 - OmniBot is adaptable to various robotic application scenarios, including industrial sorting, assembly operations, scientific education, and services, thereby aiding in cost reduction for robot development [1] - The company's second-quarter performance was strong, contributing to overall growth in the first half of the year, with intelligent computing products and services, as well as server peripherals and remanufacturing being the main growth drivers [1] - The initial coverage of the company has been rated as "Buy" [1]

Core Insights - OmniBot has achieved an end-to-end closed loop from cloud simulation to physical deployment, marking a new phase in robot development [1][2] - The domestic robot industry is experiencing significant growth, with a year-on-year increase of 27.8% in the first half of the year, and humanoid robots growing nearly 40% [2] Group 1: OmniBot and Robotics Development - OmniBot integrates NVIDIA Isaac Sim/Isaac Lab simulation environment and NVIDIA GROOT robot intelligence model with its own cloud platform, creating a comprehensive cloud-based robot development and operation system [2] - The platform allows developers to complete model training in the cloud and deploy models to robots via edge computing, significantly lowering development barriers and costs [2] - OmniBot is adaptable to various applications such as industrial sorting, assembly operations, scientific education, and services, potentially reducing costs in robot development [2] Group 2: Computing Power Leasing Industry - The computing power leasing market in China is expected to exceed 100 billion yuan by the end of 2024 and is projected to expand to 260 billion yuan by 2026 [3] - The company has completed a bank credit application of 20.5 billion yuan and is advancing its H-share listing plan to enhance its financial base [3] - The company plans to expand its cloud services and computing power leasing business to capitalize on the booming computing power market [3] Group 3: Server Remanufacturing Market - The company has established a complete automated production line for server disassembly, testing, and remanufacturing, positioning itself to benefit from the expanding server remanufacturing market [4] - The global server remanufacturing market is entering a "compliance refurbishment + performance upgrade" cycle, which is favorable for domestic production capacity [3][4] Group 4: Financial Performance - In the first half of 2025, the company achieved a revenue of 4.944 billion yuan, a year-on-year increase of 38.18%, and a net profit of 432 million yuan, up 20.76% [5] - The second quarter saw a significant revenue increase of 57.58% year-on-year, reaching 2.867 billion yuan, with a net profit growth of 34.42% [5] - Key revenue contributors include intelligent computing products and services, which generated 1.221 billion yuan (up 100%) and server peripherals and remanufacturing, which generated 835 million yuan (up 119.49%) [5][6]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][14]. Core Views - The OmniBot platform has achieved an end-to-end closed loop from cloud simulation to physical deployment, marking a new phase in robot development [4][5]. - The domestic robotics industry is experiencing significant growth, with a year-on-year increase of 27.8% in the first half of the year, and humanoid robots growing nearly 40% [6]. - The company is expected to benefit from the expanding server remanufacturing market, which is entering a "compliance refurbishment + performance upgrade" cycle [9]. Summary by Sections Recent Performance - The company's stock has shown impressive performance over the past year, with a 396.1% increase compared to the Shanghai and Shenzhen 300 index's 36.2% [3]. Business Developments - The OmniBot platform integrates NVIDIA's simulation environment and robot intelligence models with its own cloud platform, significantly lowering development barriers and costs [5]. - The company has completed a bank credit application of 20.5 billion yuan and is advancing its H-share listing plan to enhance its financial base [7]. Financial Performance - In the first half of 2025, the company reported a revenue of 4.944 billion yuan, a year-on-year increase of 38.18%, and a net profit of 432 million yuan, up 20.76% [10]. - The second quarter saw a revenue of 2.867 billion yuan, a substantial year-on-year growth of 57.58%, with a net profit of 263 million yuan, up 34.42% [10]. Revenue Breakdown - Smart computing products and services generated 1.221 billion yuan in revenue, doubling year-on-year [10]. - Server peripherals and remanufacturing contributed 835 million yuan, also showing a significant increase of 119.49% year-on-year [11]. Future Projections - Revenue projections for 2025-2027 are 11.879 billion yuan, 17.261 billion yuan, and 23.640 billion yuan, respectively, with corresponding net profits of 1.255 billion yuan, 1.856 billion yuan, and 2.612 billion yuan [11][13]. - The expected EPS for 2025-2027 are 3.62 yuan, 5.36 yuan, and 7.55 yuan, with P/E ratios of 47.45, 32.08, and 22.79, respectively [11][14].

Core Viewpoint - The AI server market is experiencing explosive growth, with potential for tenfold or even hundredfold increases in scale in the future [1][2] Group 1: Company Strategy and Financial Performance - As of August 15, 2025, the company has disclosed a cumulative investment of no more than 8.2 billion yuan for high-performance server procurement, focusing on business expansion in China, the US West, Europe, and the Asia-Pacific region [1] - The company has successfully transformed from a traditional electronic manufacturing platform to an AI computing service provider, establishing a three-pronged global industrial layout of "computing foundation + cloud services + intelligent terminals" since 2023 [1] - In 2024, the company's revenue surged from 4.66 billion yuan in the previous year to 7.41 billion yuan, with a 144.3% year-on-year increase in net profit excluding non-recurring items to 670 million yuan, and its market value has nearly increased sevenfold [1] Group 2: Technological and Business Innovations - In 2021, the company strategically invested in Xi'an Sihua Information Technology Co., Ltd., successfully creating a "hardware + cloud platform" business model [2] - The company launched the FCloud intelligent training platform in 2024, integrating over 50 models including DeepSeek, enabling private deployment within 72 hours [2] - A deep collaboration with NVIDIA led to the introduction of the omnibot platform, which uses digital twin simulation to address the "Sim2Real gap" in robot training [2] Group 3: Future Market Trends - The company anticipates exponential growth in computing power demand as AI becomes deeply integrated into productivity, with expectations for this trend to manifest between 2028 and 2029 [2] - The company aims to leverage its technical advantages in overseas server recycling and repair to focus on hardware manufacturing (storage devices, terminals) and software services (cloud platforms, computing services) as core strategic directions [2] - There is an emphasis on expanding applications in smart transportation, embodied intelligence, smart manufacturing, and biomedicine to drive continuous revenue and profit growth [2]

Company Performance - The stock price of Xiechuang Data has reached a new historical high, with 11 trading days in the past month where the stock price set new records [2] - As of 09:46, the stock is up 4.32%, priced at 170.49 yuan, with a trading volume of 7.8568 million shares and a transaction amount of 1.341 billion yuan [2] - The latest total market capitalization of the company is 59.01 billion yuan, with a circulating market value of 58.841 billion yuan [2] - The company reported a revenue of 4.944 billion yuan for the first half of the year, representing a year-on-year growth of 38.18%, and a net profit of 432 million yuan, up 20.76% year-on-year [2] - The basic earnings per share are 1.2600 yuan, with a weighted average return on equity of 12.51% [2] Industry Overview - The electronic industry, to which Xiechuang Data belongs, has an overall increase of 2.07%, with 361 stocks rising and 6 stocks hitting the daily limit [2] - Among the stocks that declined, Zhenlei Technology, Yongxin Optical, and Jinsai Technology saw significant drops of 13.54%, 7.73%, and 5.95% respectively [2] Margin Trading Data - As of September 19, the latest margin trading balance for Xiechuang Data is 3.797 billion yuan, with a financing balance of 3.773 billion yuan, reflecting an increase of 1.578 billion yuan over the past 10 days, a growth of 71.87% [2]

Group 1 - The storage chip market is experiencing a new wave of price increases, with major companies like Sandisk and Micron announcing price hikes of over 10% and 20%-30% respectively [2][3] - The price adjustments are driven by strong demand from North American cloud service providers (CSPs) for server construction, leading to a robust procurement demand for storage chips, including DRAM and NAND Flash products [2][3] - The current market environment is characterized by supply shortages, prompting NAND Flash suppliers to signal price increases, followed by DRAM suppliers pausing quotes [2][5] Group 2 - Major storage manufacturers attribute the price hikes to the growing storage needs driven by artificial intelligence applications and the increasing demand in data centers and mobile sectors [3][4] - The price increases are expected to continue as the supply side holds a stronger bargaining position, leading to sustained revenue growth for global storage suppliers [5][7] - The stock prices of storage module manufacturers have risen significantly in response to the price hikes and the tightening supply situation [6][7] Group 3 - The overall stock prices of A-share storage industry companies have seen substantial increases since September, with some companies experiencing over 80% gains [7] - The price adjustments by major manufacturers are expected to have immediate effects on consumer market products, while business-to-business markets will see price transmission in future contracts [8] - Domestic storage manufacturers may benefit from the price increases, as customers might shift towards local suppliers due to price stability and competitive pricing strategies [8]