欧陆通2024年归母净利2.68亿元同比增36.92%，高算力需求助推数据中心电源业务高增

Core Viewpoint - The company, 欧陆通, reported a record high revenue of 3.798 billion yuan for 2024, with a year-on-year growth of 32.32%, and a net profit of 268 million yuan, reflecting a 36.92% increase [1] Financial Performance - The company's EBITDA reached 478 million yuan, marking a 31.68% increase year-on-year [1] - The proposed cash dividend distribution is 5.93 yuan per 10 shares, totaling 62.12 million yuan, with an additional 30.56 million yuan already distributed in the first half of 2024 [1] Business Growth - The data center power business achieved significant growth, with revenue of 1.459 billion yuan, up 79.95% year-on-year, and high-power data center power revenue soaring by 536.88% to 780 million yuan [2] - High-power data center power products now account for 53.48% of the overall data center power business revenue [2] Product Development - The company offers a comprehensive range of data center power products, including various power levels and solutions, with leading technology in high-power server power products [3] - The company has established strong partnerships with major domestic server manufacturers and is recognized for its product quality [3] Market Strategy - The company aims to leverage its technological advantages in AI and high-power density server power to capitalize on industry changes and expand its market presence [4] - Plans include deepening cooperation with existing clients and pursuing 100% domestic component solutions for server power projects [4] - The company is also expanding its overseas market presence, having established sales teams in Taiwan and the United States [4] Future Outlook - The company anticipates a recovery in capital expenditure from domestic and international cloud service providers, which will boost data center construction and server demand [4] - Continued growth in traditional AI server demand is expected to drive the overall power upgrade of server products, particularly for high-performance computing servers [4]