Sharetronic(SZ:300857) 智通财经网·2025-10-22 22:52Core Viewpoint - The company, Xiechuang Data Technology Co., Ltd., has submitted an application for listing on the Hong Kong Stock Exchange, with Tianfeng International, Bank of Communications International, and Guangyin International as joint sponsors [1]. Business Model and Strategy - The company operates with a technology innovation-centric business model, providing integrated services through advanced hardware and software solutions. It aims to become a leader in the IoT smart terminal, intelligent computing products and services, data storage devices, and server remanufacturing industries [4][5]. - The company has developed the FCloud platform to offer customized cloud solutions, leveraging its R&D capabilities in data storage terminals, AIoT smart hardware, and AI computing [4][5]. Market Position - According to Frost & Sullivan, the company is the second-largest domestic smart storage device manufacturer globally by SSD revenue and the second-largest domestic consumer-grade smart camera manufacturer by shipment volume, holding a 6.6% market share [5]. Financial Performance - The company reported revenues of approximately RMB 3.15 billion, RMB 4.66 billion, RMB 7.41 billion, and RMB 4.94 billion for the years 2022, 2023, 2024, and the first half of 2025, respectively. Corresponding net profits were about RMB 130 million, RMB 286 million, RMB 687 million, and RMB 422 million [7][8]. - The company has shown significant growth in revenue and profit over the years, indicating a strong upward trend in its financial performance [7][8]. Future Outlook - The company plans to scale up investments in AI infrastructure starting in 2025, focusing on expanding its intelligent computing products and services business, driven by AI demand [5][6]. - The long-term goal is to achieve a super-intelligent entity by continuously extending its business from data storage devices to IoT smart terminals and cloud platform services, enhancing its adaptability in a rapidly changing technological environment [6][7].