Sharetronic(SZ:300857) Zheng Quan Shi Bao Wang·2025-04-30 02:44Core Viewpoint - The company reported strong revenue growth in Q1 2025, driven by increased orders in traditional and cloud services, while profit growth was tempered by rising costs during expansion [1][2]. Financial Performance - Q1 2025 revenue reached 2.077 billion yuan, an 18.11% year-on-year increase [1] - Net profit attributable to shareholders was 169 million yuan, up 4.29% year-on-year [1] - Non-recurring net profit was 165 million yuan, reflecting a 1.91% year-on-year growth [1] Business Expansion and Investment - The company has significantly increased its investment in AI computing power, with fixed asset investment growing by 45.8% year-on-year in 2024 [1] - In Q1 2025, fixed assets further increased by 31.78% compared to the beginning of the year [1] - The company is actively expanding its business scale and increasing procurement of chips and related equipment to capitalize on the AI boom [2] Market Position and Orders - The company has secured various computing service orders from major clients, including Tencent, and successfully won a bidding project with China Unicom [3] - As of the end of Q1, the company's contract liabilities amounted to 97.56 million yuan, indicating significant potential for future revenue release [3] - The company has a strong cash position, with monetary funds totaling 2.466 billion yuan, supporting future strategic initiatives [3]