China Bester (SH:603220) Zheng Quan Shi Bao Wang·2025-04-24 13:32Core Insights - The company reported a revenue of 2.984 billion yuan for 2024, marking a year-on-year increase of 4.28%, with a net profit of 145 million yuan, up 0.66% [1] - The total assets of the company reached 8.088 billion yuan by the end of 2024, reflecting a significant year-on-year growth of 31.73% [1] Group 1: Intelligent Computing Business - The intelligent computing business achieved remarkable growth, generating revenue of 269 million yuan, a staggering year-on-year increase of 3696.16% [2] - The gross margin for the intelligent computing business exceeded 41%, making it the top-performing segment within the company [2] - The company has invested approximately 3 billion yuan in intelligent computing clusters, with operational computing power exceeding 15,000 P [2] - The company secured contracts worth about 2.5 billion yuan in intelligent computing services, including a recent order from Beijing Wanjie worth 441 million yuan [2] - The company is optimistic about the application of artificial intelligence across various sectors, leveraging its computing resources to collaborate with major model enterprises [2] Group 2: 5G Infrastructure and New Energy - The 5G infrastructure business generated revenue of 1.968 billion yuan in 2024, despite a year-on-year decline of 12.13% due to reduced investment from telecom operators [3] - The company managed to reduce costs by 14.13% year-on-year, resulting in a gross margin increase of 1.9 percentage points [3] - The company made significant progress in projects in Hubei and Hebei, and saw a substantial increase in overseas project bids [3] - In the new energy sector, the company formed a strategic partnership with Fudi Battery and introduced advanced production lines from BYD, with trial production set to begin in January 2025 [3] Group 3: Fundraising and Strategic Development - The company announced a plan to raise up to 1.922 billion yuan through a private placement, focusing on intelligent computing centers and 5G network construction [4] - This fundraising initiative is aimed at strengthening the company's core business and enhancing its competitive edge in the market [4] - The successful fundraising will improve the company's asset and liability structure, leading to increased profitability and core competitiveness [4]