Huaqin Technology (SH:603296) Shang Hai Zheng Quan Bao·2025-04-16 05:50Core Viewpoint - The company has not experienced any changes in customer orders and continues to operate normally despite uncertainties related to the H20 licensing issue from NVIDIA [2][3]. Group 1: Business Operations and Strategy - The industry chain has been preparing for uncertainties related to H20 since the second half of 2024, and the company believes that current inventory can support normal shipments in the first half of the year [2]. - The company has developed cross-platform R&D capabilities in its data business, allowing it to respond quickly to customer product demands [2]. - The domestic demand for computing power is experiencing robust growth, and the company, as a core supplier to leading internet clients, is expected to maintain its market share and achieve performance growth [2]. Group 2: Revenue Growth and Market Strategy - The company will adhere to a "dual-drive" strategy in its data business, aiming for rapid growth and sustained product competitiveness in the leading internet market while also exploring industry and channel markets [3]. - The company maintains a 3+N+3 business strategy and a 1+5+5 global layout, leveraging its core competitiveness in ODMM, and is confident in achieving significant revenue growth in 2025 [3]. - Despite the uncertainties posed by H20, the company anticipates overall revenue growth of over 20% in 2025, driven by positive growth expectations across various segments including smartphones, laptops, wearables, tablets, and AIoT [3].