Shijia Photons(SH:688313) Zheng Quan Zhi Xing·2025-04-24 00:02Group 1: Shijia Photon - Shijia Photon is expected to continue revenue and profit growth in Q1 2025, driven by demand for computing power and rapid growth in the data communication market [1] - The overseas revenue proportion is projected to reach 26% by the end of 2024, with an increase in Q1 2025, while gross margin improvement is attributed to resource allocation, scale effects, and customer structure adjustments [1] - Increased borrowing is due to capacity expansion, raw material reserves, equity acquisitions in industry funds, and liquidity reserves [1] - The company is developing new types of cables, including high-temperature resistant and liquid-cooled cables, to meet the growing demand from data center wiring [1] Group 2: JuGuang Technology - Changes in tariff policies have raised procurement costs for scientific instruments but present strategic opportunities for domestic manufacturers [2] - The company's business restructuring has improved gross margins and reduced costs, with plans to increase investment in advantageous business areas [2] - The subsidiary Lingxi Optoelectronics is experiencing rapid growth in contracts for high-precision greenhouse gas analyzers, indicating a positive future outlook [2] Group 3: NewEase - NewEase achieved a revenue of 8.647 billion yuan in 2024, a year-on-year increase of 179.15%, with a net profit of 2.838 billion yuan, up 312.26% [3] - In Q1 2025, revenue reached 4.052 billion yuan, and net profit was 1.573 billion yuan, reflecting growth rates of 264.13% and 384.54% respectively [3] - The company is focusing on domestic market opportunities and has a dedicated team to track progress, with no significant changes in overseas market demand observed [3]