Sharetronic(SZ:300857) Chang Jiang Shang Bao·2025-08-12 23:14Core Viewpoint - The company, Xiechuang Data, reported significant growth in its financial performance for the first half of 2025, driven by rapid development in computing power services and strategic business expansions [1][2][3]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 4.944 billion yuan, a year-on-year increase of approximately 38% [1][2]. - The net profit attributable to shareholders reached 457 million yuan, reflecting a year-on-year growth of about 27% [1][2]. - The company's non-recurring net profit also saw a rise, reaching 442 million yuan, up 24.96% year-on-year [2]. Quarterly Analysis - In Q1 2025, the company reported operating revenue of 2.077 billion yuan, a year-on-year increase of 18.11% [2]. - For Q2 2025, operating revenue surged to 2.867 billion yuan, marking a 57.61% increase compared to the same period last year [2]. - The net profit for Q2 was 288 million yuan, up 46.94% year-on-year, indicating a strong performance compared to Q1 [2]. Growth Drivers - The company attributes its strong performance to four main factors: rapid development in computing power services, new product launches in IoT smart terminals, deepened resource integration in server remanufacturing, and synergistic effects in storage business [3][4]. - The company has shown remarkable growth since its establishment in 2005, with revenues increasing from 2.249 billion yuan in 2020 to 7.410 billion yuan in 2024, representing a growth of 229.48% [3][4]. Asset Expansion - The company's total assets have rapidly increased, from 2.002 billion yuan at the end of 2020 to 15.044 billion yuan by June 2025, more than doubling in just six months [7][8]. - The company has made significant investments in expanding its computing power services and other business segments, which has contributed to the asset growth [8]. Market Position and Strategy - Xiechuang Data has established itself as a leading manufacturer of smart IoT terminals and a comprehensive cloud service provider, with a focus on international expansion [6]. - The company has been actively pursuing various business segments, including IoT devices, cloud services, and server recycling, to enhance its market position [5][6]. Stock Market Reaction - Following the release of its impressive financial results, the company's stock price surged by over 10% on August 12 [9].